LOS ANGELES (AP) — The former principal of a Los Angeles-area charter school has pleaded not guilty to charges that he embezzled $1.4 million in school funds to trade on the stock market.

Deputy District Attorney Dan Baker said Edward P. Fiszer, who formerly headed NEW Academy Canoga Park, was arraigned Friday on a 31-count indictment charging him with theft by embezzlement of public funds, forgery, theft by a public officer, plus 26 counts of money laundering and two counts of state tax fraud.

The 40-year-old Fiszer, who was fired in November 2009 after the alleged theft was discovered, was arrested two weeks ago in West Windsor, N.J., and returned to Los Angeles.

He is being held on $1.4 million bail.

(© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments (4)
  1. Bill Jones says:

    This is what happens when you let illegals run our schools. SEND HIM BACK TO MEXICO!!!!!

  2. Luis says:

    Racist comments will not solve any problems and Bill Jones obviously don’t follow the news. Mr. Jones you need to do some research and find out who is Edward P. Fiszer. Definitelly not illegal or Mexican.

    1. Bradley says:

      I guess either Bill is employing satire
      and “Send them back to Mexico” is just his standard reply
      I agree its pretty lame of him

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