MIDLAND, Pa. (AP) — The board of the Pennsylvania Cyber Charter School has voted to stop paying the legal fees of its founder and former CEO who was indicted by a federal grand jury earlier this month on charges he siphoned more than $8 million from the school through a network of profit and nonprofit companies he also controlled.
Fifty-eight-year-old Nicholas Trombetta has pleaded not guilty to the charges.
The Pittsburgh Post-Gazette (http://bit.ly/1dkvaI6 ) reports the school had already paid at least $200,000 to Trombetta’s attorney before he was indicted before voting Monday to cease payments.
Trombetta allegedly bought a $1 million Florida condominium, houses for his girlfriend and mother, and spent nearly $1 million on living expenses since 2006. Federal prosecutors say he tucked away most of the rest of the money in a shell company for his retirement.
Information from: Pittsburgh Post-Gazette, http://www.post-gazette.com