Tag: Taxpayer Oversight

By Nicole C. Brambila | The Denver Gazette The parent advocacy group that previously accused Denver Public Schools of financial misconduct in court documents has escalated its claims, alleging the district engaged in racketeering through its bond and lease-financing structures. Mamás de DPS filed a complaint in Denver District Court on Tuesday, accusing district officials of violating the Colorado Organized Crime Control Act. The lawsuit also names the Denver School Facilities Leasing Corp. and Wells Fargo Bank as defendants. The lawsuit alleged that district officials violated the statute by creating a “shell corporation” and “unlawfully mortgaging” DPS buildings “for the purpose of permitting a bank trustee (here, Wells Fargo) to use public monies to generate investm...