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SEC charges UNO
with defrauding investors

Sun-Times [Chicago, IL], by Staff

Original Article

Posted By:ElSid, 6/2/2014 1:49:42 PM

The Securities and Exchange Commission on Monday announced it had charged charter school operator UNO with defrauding investors in a $37.5 million bond offering for school construction work by failing to disclose conflicts of interest. The SEC alleged that UNO Charter School Network had failed to disclose a multimillion dollar contract with a windows company linked to one of its top executives, Miguel d´Escoto. D´Escoto, resigned in February last year, days after the Sun-Times reported that UNO gave $8.5 million of business to companies owned by two of d’Escoto’s brothers with money from $98 million in state

You don´t have to admit corruption to be a criminal enterprise. But, to make this really clear of suspicions, a better vendor should be found. (0bama & Emmanuel can´t "win" every time). All these millions in grants (payoffs) add up to billions and then trillions of dollars of debt for US.


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SEC charges UNO
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Sun-Times [Chicago, IL], by Staff    Original Article
Posted By: ElSid- 6/2/2014 1:49:42 PM     Post Reply
The Securities and Exchange Commission on Monday announced it had charged charter school operator UNO with defrauding investors in a $37.5 million bond offering for school construction work by failing to disclose conflicts of interest. The SEC alleged that UNO Charter School Network had failed to disclose a multimillion dollar contract with a windows company linked to one of its top executives, Miguel d´Escoto. D´Escoto, resigned in February last year, days after the Sun-Times reported that UNO gave $8.5 million of business to companies owned by two of d’Escoto’s brothers with money from $98 million in state




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