24 Hrs
Source:
The Boston Globe
Croft School founder apologizes amid bankruptcy debts
The Croft School filed for bankruptcy, revealing that founder Scott Given used nearly $800,000 of school funds to reimburse himself and family prior to its collapse. The school owed $12.2 million to creditors, including parents and investors, with investigations launched by federal agencies into financial misconduct. Given admitted to lying about finances and borrowing money from relatives to fund expansion, while the school struggled with unpaid staff and significant restructuring costs.
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