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Resource ID: #19805
Subject: Schools
Source: Bloomberg News (New York)
Date: 2002-02-13



A Bloomberg News investigation shows how Edison Schools Inc. -- "the largest private manager of public schools in the U.S. -- artificially inflated its annual revenue by 41 percent in filings with the Securities and Exchange Commission." Other findings are that Edison booked revenue from the Sherman, Texas, school district, and that budget problems prevented the company from providing textbooks for schools in Pennsylvania.

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