Charter School Power Broker Turns Public Education Into Private Profits - ProPublica:
...In that regard, Mitchell, 74, appears to be thriving. Every year, millions of public education dollars flow through Mitchell's chain of four nonprofit charter schools to for-profit companies he controls.
How Public Dollars for Charters Flow to For-Profit Companies
Over six years, Mitchell's two companies have taken in close to $20 million in fees and rent — some of the schools' biggest expenses. That's from audited financial statements for just two schools. Mitchell has recently opened two more.
The schools buy or lease nearly everything from companies owned by Mitchell. Their desks. Their computers. The training they provide to teachers. Most of the land and buildings. Unlike with traditional school districts, at Mitchell's charter schools there's no competitive bidding. No evidence of haggling over rent or contracts...