Ohio Charter School Founder Admits to Bank Fraud in $900,000 Home Purchase

Abdirizak Farah used school funds to buy New Albany property, faces up to 30 years in prison.

Abdirizak Farah pleaded guilty to conspiring to commit bank fraud.
Farah diverted $265,000 from charter schools he founded to buy a $900,000 home.
He falsely claimed the funds were for learning materials and submitted misleading documents.
Farah will forfeit $265,000 to the United States as part of his plea agreement.
Sentencing will be determined at a future court hearing.