State cuts off money to UNO charter schools over insider deals
Source: Chicago Sun Times
Gov. Pat Quinn’s administration has cut off funding to the state’s largest charter-school operator, the politically influential United Neighborhood Organization, over insider deals it says violated terms of a $98 million state grant, according to a letter obtained by the Chicago Sun-Times.
The deals involved millions of dollars in state funds that went to companies owned by two brothers of a high-ranking UNO executive, Miguel d’Escoto, that were hired as contractors on state-funded school construction projects in Chicago, according to the letter, which was sent to the organization Thursday from the Illinois Department of Commerce and Economic Opportunity.
The state agency began investigating UNO in response to reports in the Sun-Times that revealed that d’Escoto Inc. and Reflection Window Co. have been paid a total of $8.5 million out of the state grant. D’Escoto Inc. is owned by Federico “Fred” d’Escoto. Reflection Window is owned by Rodrigo d’Escoto.
Juan Rangel, the head of UNO, was the co-chair of Rahm Emanuel's organization to get Emanuel elected as Mayor.
The harvesting of public assets by privatizing public assets and closing schools is something that is intended to be profitable not only in the current year but in years to come. It will be one of the greatest rip-offs that Chicago has ever seen.