Newpoint Education Partners founder Marcus May criminally charged with racketeering
Marcus May, the founder of Newpoint Education Partners, the charter school management company that operated four now-closed charter schools in Pinellas County, was criminally charged with racketeering on Monday.
According to assistant state attorney and designated assistant statewide prosecutor Russ Edgar, May discussed and outlined multiple schemes using more than $1 million in public funds. Edgar spent over a year poring over bank accounts and investigating funds spent from charter schools in Pinellas, Escambia, Bay, Hillsborough, Broward and Duval school districts.
Also charged was Steven Kunkemoeller, May's associate who owned School Warehouse and Red Ignition, which sold supplies and furniture to the charter schools for inflated prices.
Newpoint Education Partners, along with School Warehouse and Red Ignition, was indicted by a grand jury one year ago on charges of grand theft, money laundering and aggravated white-collar crime. A date has been set for jury selection for that case, according to the Escambia County Clerk of Court website.
A Times investigation from May 2016 found that companies tied to May had been selling goods to the schools at inflated costs.
This is a developing story. Check back for updates.