Overview
- A federal grand jury unsealed charges accusing Tim King of two counts of theft from an organization that receives federal funds and one count of obstruction, and his arraignment has not been scheduled.
- Prosecutors allege King diverted exactly $103,833.31 from Urban Prep’s bank account to cover his American Express bills in 2021 and 2022.
- The indictment says he accessed Urban Prep’s fundraising software after a 2022 subpoena and deleted records of three purported cash donations.
- Court filings note the investigation involves the Justice Department, the Education Department, and the IRS, and Urban Prep’s funding included federal dollars routed through Chicago Public Schools.
- King founded the all-male charter network in 2002 and later stepped down in 2022, and his lawyer says he is innocent and plans to fight the case.