Two years ago, the Center for Popular Democracy (CPD) issued a report demonstrating that charter
schools in 15 states—about one-third of the states with charter schools—had experienced over $100
million in reported fraud, waste, abuse, and mismanagement since 1994. Last year, we released a
new report that found millions of dollars of new alleged and confirmed financial fraud, waste, abuse,
and mismanagement in charter schools had come to light, bringing the new total to $203 million.
This report offers further evidence that the money we know has been misused is just the tip of the
iceberg. With the new alleged and confirmed financial fraud reported here, the total fraud, waste,
abuse, and mismanagement in charter schools has reached over $216 million.