Former Charter School Treasurer Sentenced

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. 

Read the full article from The Columbus Dispatch