A federal grand jury has indicted the former chief of risk management at Detroit Public Schools, charging Stephen Hill with looting the financially ailing district of more than $3 million for himself, family members and friends, U.S. Attorney Barbara McQuade just announced in a news release.
Also charged in the indictment, unsealed today, are Hill’s onetime assistant, as well as prominent Detroit businesswoman Sherry Washington, 53, and her sister, Dr. Gwendolyn Washington, 66, of Southfield. The Washingtons are accused for their roles as partners in Associates for Learning, a vendor hired to administer a health awareness program for the school district, but which district officials contend performed little work while receiving more than $3 million.
Showing posts with label Detroit Public Schools. Show all posts
Showing posts with label Detroit Public Schools. Show all posts
Wednesday, April 28, 2010
Wednesday, March 31, 2010
Detroit schools risk management officer accused of briskly generating risk by stealing $57 million
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?
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?
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