A former White House official accused of stealing tens of thousands of dollars to get a loan for a multi-million dollar apartment
Seth Andrew, a former adviser to 44th President Barack Obama, has pleaded guilty to wire fraud charges after stealing $218,000 from the charter school he founded.
US Department of Justice Announce On Friday, Andrew admitted to transferring money from the school to his own private bank accounts, which were used to buy a mortgage on a multimillion-dollar apartment in New York.
Andrew could face up to 20 years in prison and will be sentenced on April 14.The former White House education adviser has agreed “Paying damages to the charter school network he stole,” According to the Department of Justice.
“Former White House adviser Seth Andrew today admitted to devising a scheme to steal from the same school he helped create,” U.S. Attorney Damian Williams said in a statement. “Andrew is now facing time in federal prison for abusing his position and robbing someone he promised to help.”
Andrew, who served as an education adviser to the Obama White House from 2014 to 2016, was arrested in April 2021 and charged with wire fraud, money laundering and false representation.
At the time, FBI Assistant Director William F. Sweeney Jr. defendant Andrew steals school money to get “Lowest Rate” When applying for a Manhattan condo loan.
“When you don’t have the necessary funds to put down, and you’re stealing money from your former employer to make up the difference, interest on savings is probably the least of your concerns,” he said. Sweeney said, adding, “We claim today that Andrew did just that, because the employer he stole from was a charter school organization and the money he took belonged to an agency serving school-aged children.”
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