Crime

Former Obama advisor, partner of Marlboro College buyers arrested for $218,000 theft

A Vermont man who is a former Obama White House advisor and a partner in the group that purchased Marlboro College this year has been charged with wire fraud, money laundering, and making false statements to a financial institution.

According to a report in the Commons, the community newspaper for Windham County, Seth Andrew, 42, as a result of the action is no longer president of Democracy Builders Fund, which bought the Marlboro College campus in 2019. He also has been removed from the board of directors of a related program, Degrees of Freedom, also located in Windham County.

According to the U.S. Attorney for Southern New York, Seth Andrew allegedly stole $218,005 from a charter school network that he founded.  He was arrested this morning in New York, New York, and will be presented today before U.S. Magistrate Judge Gabriel W. Gorenstein.

Manhattan U.S. Attorney Audrey Strauss said:  “As alleged, Seth Andrew abused his position as a founder of a charter school network to steal from the very same schools he helped create.  Andrew is not only alleged to have stolen the schools’ money but also to have used the stolen funds to obtain a savings on a mortgage for a multimillion-dollar Manhattan apartment.  Thanks to the FBI’s diligent work, Andrew now faces federal charges for his alleged scheme.”     

FBI Assistant Director William F. Sweeney Jr. said:  “Locking into the lowest interest rate when applying for a loan is certainly the objective of every home buyer, but when you don’t have the necessary funds to put down, and you steal the money from your former employer to make up the difference, saving money in interest is likely to be the least of your concerns. We allege today that Andrew did just that, and since the employer he stole from was a charter school organization, the money he took belonged to an institution serving school-aged children. Today Andrew himself is learning one of life’s most basic lessons – what doesn’t belong to you is not yours for the taking.”

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Andrew, 42, is charged with one count of wire fraud, which carries a maximum sentence of 20 years in prison, one count of money laundering, which carries a maximum sentence of 20 years in prison, and one count of making a false statement to a bank, which carries a maximum sentence of 30 years in prison.  The maximum potential sentences in this case are prescribed by Congress and are provided here for informational purposes only, as any sentencing of the defendant will be determined by the judge.

Categories: Crime

8 replies »

  1. I knew from their web page that organization was shady – I feel badly for the residents of Marlboro VT & the surrounding little Vermont towns like Wilmington, Woodford, Readsboro, etc up there in the mountains. They likely have no idea of what awaits them.

  2. The rules of behaviour are different for Obama/Biden PROGRESSIVE people!

    Grab all you an get – plus some mORE – and ALWAYS have SOME
    great excuses why you had to do it !

    If the Obama’s can have multiple $million dollar properties, and money to burn – then why not all of us !?!?! You know where money IS – Just take some – but leave a bit for the next crook!

  3. Appreciation to this objective reporting that links the alleged perpetrator to the Obama democrats, and that fact certainly bears mentioning. Scamsters love to operate in Vermont where they know that, especially if they are affiliated with democrats, they will get nothing more than a slap on the wrist. Our former US Attorney would take this seriously, but we can’t count on that from our new Biden appointee. Embezzle in Vermont…where IF you get caught, you MAY have to pay back SOME of the booty.

  4. Corrupt politicians and their corrupt operatives… give me a minute, I know my shocked face emoji is around here somewhere.

  5. “According to a report in the Commons, the community newspaper” it is actually a alt-left communist rag that like VT Digger does not let people comment on their biased articles!

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