The is a well-known pastor who works with ex-convicts.
Olds, 56, of Solon, is charged with conspiracy, money laundering and mail fraud in connection to his operation of a now-closed charter school, Cleveland Academy of Math, Science and Technology. Olds was the developer of the charter school.
According a news release from Auditor of State Betty Montgomery, others are involved with the case. Two people have been arrested and another is expected to surrender.
The former officers of the school, Shirley Haynes and Timothy Daniels are all charged with conspiring to defraud the DOE.
Also, five corporations have been indicted as a result of the state audit, the news release said.
The audit also discovered that the defendants:
- received funds from the school's bank account for their personal use.
- did not provide sufficient food to students during lunch.
- a classroom wall collapsed during class hours close to children.
- held classes in a building without heat, forcing students and teachers to wear coats.
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