Shye to make first court appearance

Shye to make first court appearance

COLUMBUS, Ohio (AP) - A former Ohio charter school treasurer is preparing to make his first court appearance on a charge he embezzled more than $470,000 in federal education funds from four schools over six years.

Carl W. Shye Jr., of New Albany in suburban Columbus, served as treasurer for more than a dozen charter schools in Columbus, Youngstown and Dayton.

The sum cited in the government’s case against Shye was per-pupil federal funding distributed through the Ohio Department of Education to four schools that have since closed.

The 57-year-old Shye is scheduled to appear before U.S. District Judge Gregory Frost today.

If convicted, Shye faces up to 10 years in prison, up to $250,000 in fines and three years of supervised release, and he’d have to return the money.