Tag: charter school
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Hmong College Prep Academy board accepts superintendent’s resignation
The board of a St. Paul charter school that lost $4.3 million in a hedge fund investment accepted the superintendent’s resignation on Monday night. In her resignation letter, Christianna Hang said she … Read Full Article
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Leader of charter school to quit following hedge fund losses
The founder of a St. Paul charter school that lost $4.3 million in a hedge fund investment is quitting as superintendent and chief financial officer, the Hmong College Prep Academy board said in a … Read Full Article
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St. Paul charter school superintendent to step down after $4.3M hedge fund loss
The founder of a St. Paul charter school that lost $4.3 million in a hedge fund investment is planning to step down as superintendent, the school board said in a message to students and families. Read Full Article
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Hmong College Prep Academy superintendent to resign amid investment scandal
The superintendent of Hmong College Prep Academy, which the Office of the State Auditor found broke Minnesota law when making a risky investment in 2019, has resigned, the charter school said in a … Read Full Article
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State Auditor sends report on Hmong school’s hedge fund investment to prosecutor’s office
The Office of the State Auditor on Monday released an investigative report finding that a St. Paul charter school’s $5 million investment with a hedge fund violated state law and the school’s own … Read Full Article
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St. Paul charter school failed to comply with state law in hedge fund investment, state auditor finds
A state auditor’s investigation has determined that Hmong College Prep Academy (HCPA) in St. Paul failed to comply with Minnesota law in a hedge fund investment that cost the school $4.3 million, and … Read Full Article
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After hedge fund fiasco, Hmong charter school may keep superintendent, drop authorizer
In the wake of a $4.3 million loss from an illegal hedge fund investment, Hmong College Prep Academy’s school board appears to be standing by its superintendent. Read Full Article
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St. Paul charter school Hmong College Prep Academy grapples with investment loss
Hmong College Prep’s founder faces firing after school loses $4.3 million. A St. Paul charter school that lost $4.3 million in a hedge fund investment has been directed by its authorizer to enact … Read Full Article
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Embattled charter school superintendent offers to give up financial controls after investment debacle
The superintendent and founder of Hmong College Preparatory Academy in St. Paul, Christianna Hang, is offering to step down from her other role as the chief financial officer of the charter school … Read Full Article
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Board to probe Hmong school superintendent’s hedge fund loss, might pay her attorneys fees
The charter school’s $5 million investment led to a $4.3 million loss and has the institution’s future in doubt. Read Full Article
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Hmong College Prep Academy superintendent faces removal over risky investment
Bethel University, the authorizer of charter school Hmong College Prep Academy (HCPA), is requesting the superintendent’s removal following a review of millions in questionable investments. Read Full Article
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Authorizer wants superintendent fired after Hmong College Prep loses $4.3M with hedge fund
A St. Paul charter school’s authorizer has placed the school on probation and recommended the board fire its superintendent after she lost $4.3 million of the school’s money investing in a hedge … Read Full Article
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Minnesota ‘Most Diverse City’ Schools Addressing Community’s Deep Trauma
Recently, it was revealed that a Saint Paul charter school called Hmong College Prep Academy lost nearly $5 million in taxpayer money after illegally investing millions in a New Jersey-based hedge … Read Full Article
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Minnesota pioneered the movement for charter schools 30 years ago. Since then, one in every three statewide has closed.
To charter school advocates, the closures are a sign of success. But some Democrats and teachers union leaders say they’re harmful to children, and want a stop to charter school growth. Read Full Article
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St. Paul charter school’s illegal investment spurs call for moratorium
A St. Paul charter school made an illegal investment reportedly costing it more than $4 million, prompting renewed calls Thursday for a moratorium on new and expanded charter schools. Hmong College … Read Full Article
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St. Paul charter school loses $4.3M with illegal investment in New Jersey hedge fund
A St. Paul charter school last school year invested $5 million in a New Jersey hedge fund, in violation of state law, and most of that money may be lost forever. Auditors working to close the … Read Full Article
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Teacher at Hmong charter school in St. Paul is fatally run over
A Hmong charter school in St. Paul is mourning the loss of a teacher who died in a traffic incident in central Minnesota. Alexa Rose Hokeness, 29, of Lakeville, was outside her car on a highway north … Read Full Article
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St. Paul East Side charter school expansions get preliminary bond approval despite impassioned opposition
No one has argued that Hope Community Academy has been a bad neighbor. In fact, just the opposite. The predominantly Southeast Asian charter school on St. Paul’s Payne Avenue has opened its … Read Full Article