A former White House official has been accused of stealing tens of thousands of dollars to secure a loan on a multi-million dollar apartment
Seth Andrew, former adviser to 44th President Barack Obama, has pleaded guilty to wire fraud charges after stealing $218,000 from a charter school he founded.
The US Department of Justice announced on Friday that Andrew pleaded guilty to transferring school money to his own private bank accounts, which were used to take out a mortgage for a multimillion-dollar apartment in New York. York.
Andrew could face up to 20 years in prison for the crime and is expected to be sentenced on April 14. The former White House education adviser agreed “to pay restitution to the network of charter schools from which he stole”, according to the DOJ.
“Seth Andrew, a former White House adviser, today admitted to having devised a scheme to steal from the same schools he helped create,” U.S. Attorney Damian Williams said in a statement. “Andrew now faces federal prison for abusing his position and stealing from those he promised to help.”
Andrew – who served as education adviser to the Obama White House between 2014 and 2016 – was arrested in April 2021 and charged with wire fraud, money laundering and misrepresentation.
At the time, FBI Deputy Director William F. Sweeney Jr. accused Andrew of stealing school money to get “the lowest interest rate” when applying for an apartment loan in Manhattan.
“When you don’t have the funds to deposit and you steal your former employer’s money to make up the difference, saving money in interest is likely to be the least of your worries,” said Sweeney, who added, “We allege today that Andrew did just that, and since the employer he robbed from was a chartered school organization, the money he took belonged to an institution serving children aged school.”
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