Charter school operator says so easy to get 4.5 mil from foreign sources. No questions asked.

[madfloridian]

This is either a very naive educator or she is in denial because she wants their money so badly. She says they only want to see if the deal is real. I guarantee they will demand more for their investment later. Of course they will.

Charter schools: Investments for wealthy foreigners seeking US visas?

In the first nine months of this year, the government approved 3,000 petitions from foreigners seeking to participate in the program - nearly twice as many as were approved all last year, according to the Department of Homeland Security. Charter schools have become particularly trendy because they are pitched as recession-proof.

An investor forum in China last spring, for instance, touted US charter schools as a nearly fool-proof investment because they can count on a steady stream of government funding to stay afloat, according to a transcript posted on a Chinese website.

Arizona educator Holly Johnson, who runs three charter schools and plans to open a fourth next year, said she couldn't believe how easy it was to secure $4.5 million in funding from abroad.

."We didn't have to do anything at all," she said, other than open her schools to potential investors. They didn't ask many questions, she said. Their concern was more basic: "They wanted to come over and make sure it was real."

Arizona even has a website welcoming these foreign investors, and there is a link to charter school chains.

GreenCardFund: Charter School Resource Library

[Enthusiast]

1. I can't see where this ends well.......nt

[madfloridian]

2. So naive to think no strings attached to that kind of money.

[Enthusiast]

3. United Whores of America.

It's like the entire nation has been hit with a prostitution bug.