Former Charter School Treasurer Sentenced
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Posted on October 31, 2012
A former charter-school treasurer was sentenced today to two years in prison for embezzling more than $400,000 from four schools.
U.S. District Judge Gregory L. Frost handed down the sentence to Carl W. Shye Jr., 57, and also ordered him to pay $472,580 in restitution. Frost did not order him to pay a fine.
“You’ve let down a lot of people,” Frost told Shye. “You abused a position of trust.”
According to the FBI, Shye stole $472,580 between October 2005 and September 2011 from the former George Washington Carver Preparatory Academy in Columbus; the former Legacy Academy for Leaders & Arts in Youngstown; and from New City Community School and the former NuBethel Center of Excellence, both in Dayton.