A former White Home official was accused of stealing tens of 1000’s of {dollars} to safe a mortgage on a multi-million greenback condo
Seth Andrew, a former adviser to forty fourth President Barack Obama, pleaded responsible to wire fraud prices 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 college to his personal personal financial institution accounts, which had 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 training adviser has agreed “to pay restitution to the Constitution Faculty Community from which he stole,” in response to the DOJ.
“Seth Andrew, a former White Home advisor, admitted as we speak to devising a scheme to steal from the exact same colleges he helped create,” stated US Lawyer Damian Williams in a press release. “Andrew now faces time in federal jail for abusing his place and robbing these he promised to assist.”
Andrew – who served as an training 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 college’s cash to get “the bottom rate of interest” whereas making use of for the Manhattan condo mortgage.
“If you don’t have the required 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 as we speak that Andrew did simply that, and because the employer he stole from was a constitution faculty group, the cash he took belonged to an establishment serving school-aged kids.”
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