SANTA ANA (CBSLA.com) — A Sherman Oaks man was charged Tuesday with stealing $750,000 from a charter school district in Orange County, the largest such theft in California history, officials said.
Jeremy Landau, 43, was charged with 13 counts of money laundering, two counts of misappropriation of public funds and a count of conflict of interest in a sale and purchase, according to the Orange County District Attorney’s Office.
Landau joined the board of directors for California Virtual Education Partners, an Orange County-based charter school district that operates five online charter schools, in May 2013. In June 2013, Landau asked other board members for $750,000 in district funds, promising a $3 million return donation in January, prosecutors said.
Landau allegedly laundered the money by moving it between various accounts and failing to repay any of the $750,000 from the district, which is funded by the state.
Landau was arrested Monday and was being held on $750,000 bail. He is scheduled to be arraigned Thursday in Santa Ana.
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