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VERSION:2.0
PRODID:icalendar-ruby
CALSCALE:GREGORIAN
X-WR-CALNAME:Attorney General Todd Rokita sues to recover more than $154 mi
 llion on behalf of taxpayers fleeced by virtual schools
X-WR-TIMEZONE:Indiana (East)
BEGIN:VEVENT
DTSTAMP:20260717T142920Z
UID:tag:localist.com\,2008:EventInstance_37253261651259
DTSTART:20210712T155700Z
DTEND:20210712T165700Z
DESCRIPTION:Attorney General Todd Rokita has filed a lawsuit against a cons
 ortium of virtual schools and affiliated entities seeking more than $154 m
 illion in monies misappropriated from the State of Indiana.\n\nIndiana’s
  lawsuit targets Indiana Virtual School (IVS)\; Indiana Virtual Pathways A
 cademy (IVPA)\; Indiana Virtual Educational Foundation (IVEF)\; and other 
 related entities and individuals.\n\n“This lawsuit is historic because i
 t represents the largest amount of monetary damages ever sought by our off
 ice following a State Board of Accounts investigation\,” Attorney Genera
 l Rokita said. “This massive attempt to defraud Hoosier taxpayers throug
 h complex schemes truly boggles the mind. This case demonstrates once agai
 n that public servants must remain ever vigilant in our work to safeguard 
 the public treasury from opportunists.”\n\nIVS and IVPA operated online 
 charter schools that were sponsored by the Daleville Community School Corp
 . from July 22\, 2015\, to Aug. 26\, 2019\, when Daleville officials revok
 ed the charters. Daleville officials revoked their sponsorship of the scho
 ols because IVS and IVPA failed to meet minimum academic standards and fai
 led to comply with accounting and related provisions required by Indiana l
 aw\, among other reasons.\n\nThe State Board of Accounts (SBOA) conducted 
 a special investigation and concluded that public funds were misappropriat
 ed through malfeasance\, misfeasance\, and/or nonfeasance.\n\n“The State
  Board of Accounts is committed to creating a culture of accountability wh
 ere public officials and institutions are held to the highest standards\,
 ” said State Examiner Paul Joyce. “We appreciate the Attorney General 
 for bringing this action on behalf of all the citizens of the State of Ind
 iana.”\n\nBecause the virtual schools misrepresented the number of enrol
 led and attending students\, the SBOA found that the schools wrongfully re
 ceived more than $68 million collectively from the State of Indiana.\n\nTh
 e audit also uncovered that the schools wrongfully disbursed more than $85
  million collectively in public funds to vendors with related individuals 
 in situations where there was no invoice or no itemized information on the
  invoice.\n\nAttorney General Rokita is also seeking recovery of the audit
  costs SBOA incurred to conduct the investigation along with other penalti
 es and punitive relief (amounting to three times the actual loss by the st
 ate). Attorney General Rokita also is seeking an order that the defendants
  disgorge any other ill-gotten gains unjustly and wrongfully received and 
 diverted.\n\nThis matter has also been referred to federal and state crimi
 nal investigative agencies.\n\nThe lawsuit is attached.\n\n###\n\nComplain
 t to Recover Public Funds.pdf
LOCATION:
SUMMARY:Attorney General Todd Rokita sues to recover more than $154 million
  on behalf of taxpayers fleeced by virtual schools
URL;VALUE=URI:https://events.in.gov/event/attorney_general_todd_rokita_sues
 _to_recover_more_than_154_million_on_behalf_of_taxpayers_fleeced_by_virtua
 l_schools
CATEGORIES:Press Releases
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