I just got a small set of records from everybody’s favorite star-crossed charter school horror show, that is to say GANAS Academy. The set is woefully incomplete, and it’s pretty clear that Sakshi Jain is lying to her lawyer about it yet again, but nevertheless there is some essential material in there, and you can browse through the whole pile of it over here on Archive.Org.
And by far the most important material in here is GANAS Academy’s general ledger in MS Excel format1 along with monthly bank statements through June 2019. The ledger shows every credit and every debit from the inception of the school in August 2018 with very detailed descriptions. The story kicks off with a $325K grant from the Walton Family Foundation, deposited in the California Credit Union on August 11, 2018 as shown on that month’s bank statement and it’s all downhill from there.
In September 2018 she began paying herself $13K per month, as shown in that month’s statement and this continued at least through June 2019, which is the last monthly statement I have.2 But like I said, the real action is found in that ledger. It’s there that we learn that the $325K Jain has been burning through came from the Waltons. That she spent about $63K on recruiting students, which no doubt includes the $850 per kid bounty she paid her recruiter. And last but never least $15K to charter school contract killer law firm Young, Minney, and Corr.3
So that, friends, is the charter school innovation laboratory model. Get a ton of free money from an appalling gang of zillionaires and proceed to burn through it at an astonishing rate. A quarter of a million dollars between August 2018 and June 2019.4 And at the end, you don’t even have a damn school. Although I will say that given the horrific nature of these schools, the world is clearly better off having her spend all that money and not start a school than otherwise.
Oh, and recall that Jain didn’t publicly announce that her school wouldn’t open this Fall until July 12, 2019. I previously proved that she knew as early as July 1 that she wasn’t going to open but didn’t tell the parents of enrolled students, the people who needed to know as soon as possible.5 But evidence from this set of records proves that in fact Jain knew as early as June 26, 2019 that she would not open.
That’s the day that LAUSD received her “Back Out Letter”6 according to this letter to Jain from Jose Cole-Gutierrez, chief boss of LAUSD’s Charter School Division. So that’s an extra four days that Jain cheated the parents out of for purposes of figuring out what they were to do with their children in the Fall. Bad, irresponsible, selfish, but, sadly, not surprising. And read on for a transcription of Cole-Gutierrez’s letter and some screenshots from that ledger in case it’s hard to read on your phone or whatevs!
Continue reading Galaxy-Brained GANAS Academy Charterscammer And Founder Sakshi Jain Kicked Off Her Co-Location Conspiracy In August 2018 With $325K From The Walton Family Foundation — And Immediately Commenced To Pay Herself Thirteen Freaking Thousand Dollars A Freaking Month — Probably Including Benefits — Add That To The $63K For Recruitment And Consulting — And The $15K For Lawyers — And It’s No Wonder She Burned Through A Quarter Of A Million Damn Dollars In Just Eleven Freaking Months — And There’s Not Even A Damn School To Show For It — Oh And Also It Was On June 26 2019 That She Informed LAUSD That Her School Would Not Be Opening In 2019 — But Recall That She Didn’t Tell Parents Until July 12 — Stealing More Than Two Weeks From Their Planning Time