Who could have been surprised to read that Stephen Hill, a former risk-management officer for the troubled school district, is accused of diverting $57 million for phony contracts? Even the irony here -- someone in charge of risk management ripping off his employer -- fails to shock, given the steady stream of news about how thoroughly corrupt city schools have been.
Yet $57 million is no pittance, and it speaks volumes about the school district's accounting practices that Hill is alleged to have swindled that much without being detected or stopped. What family or business could be so impervious to a similar hemorrhaging of its own funds?
Wednesday, March 31, 2010
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