Nuhey News

We talk about the MARKET

Obama adviser pleads responsible to stealing from faculty

Obama adviser pleads guilty to stealing from school


A former White Home official was accused of stealing tens of hundreds of {dollars} to safe a mortgage on a multi-million greenback condo

Seth Andrew, a former adviser to 44th President Barack Obama, pleaded responsible to wire fraud costs after stealing $218,000 from a constitution faculty he based.

The US Division of Justice introduced on Friday that Andrew had pleaded responsible to transferring the cash from the varsity to his personal personal financial institution accounts, which have been getting used to accumulate a mortgage for a multi-million greenback New York condo.

Andrew may withstand 20 years in jail for the crime and is ready to be sentenced on April 14. The previous White Home schooling adviser has agreed “to pay restitution to the Constitution College Community from which he stole,” in keeping with the DOJ.

“Seth Andrew, a former White Home advisor, admitted immediately to devising a scheme to steal from the exact same faculties he helped create,” stated US Legal professional Damian Williams in an announcement. “Andrew now faces time in federal jail for abusing his place and robbing these he promised to assist.”

Andrew – who served as an schooling adviser to the Obama White Home between 2014 and 2016 – was arrested in April 2021 and charged with wire fraud, cash laundering, and making false statements.

On the time, FBI Assistant Director William F. Sweeney Jr. accused Andrew of stealing the varsity’s cash to get “the bottom rate of interest” whereas making use of for the Manhattan condo mortgage.

“Whenever you don’t have the mandatory funds to place down, and also you steal the cash out of your former employer to make up the distinction, saving cash in curiosity is prone to be the least of your issues,” stated Sweeney, who added, “We allege immediately that Andrew did simply that, and for the reason that employer he stole from was a constitution faculty group, the cash he took belonged to an establishment serving school-aged youngsters.”