Audit report raises red flags on New Mexico charter schools

Thursday, August 7, 2014

There are new reports about how the high-paid founder of a group of Albuquerque charter schools is making his money. Now the state auditor has released a report questioning if that man steered public funds into his own pockets.

The feds launched an investigation into these schools last week and that founder, Scott Glasrud, put himself on leave. Now, the findings of a separate investigation from the state auditors office reveal that his quarter-million dollar salary isn’t the only way he may be profiting from his schools, the Southwest Learning Center and SAMS Academy.

“I’m very concerned that millions of dollars may have been steered inappropriately to a public official for their private gain,” said State Auditor Hector Balderas.

Read more