LA: Caddo Schools scammed out of nearly $1 million

Marquel Sennet reports:

The Caddo Parish School System is scammed out of nearly $1 million in tax payer money. The fraudulent activity is now being investigated by the FBI and local law enforcement.

This phishing scheme targeted funds designated for Charter Schools USA, which operates Magnolia School of Excellence.

Caddo Schools makes monthly payments to the charter school. Over the summer, a bank out of Nigeria hacked into Charter Schools USA’s account and changed the banking information on file with Caddo Schools. $988,000 was deposited into the wrong account.