Private School in Boston, Providence Faces $13 Million Debt Crisis

Private school in Boston, Providence faces $13 million debt crisis

A private school with locations in Boston and Providence faces a debt crisis after its founder allegedly lied about finances for years.

'Two sets of books': Croft School rocked by $13M hidden debt

The Providence private school's board says its founder had been misrepresenting finances for years.

Croft School board tells families it needs $5 million to keep doors open after founder allegedly lied about finances - The Boston Globe

The board said that the school's leader, who has been suspended, lied for years about its financial health and hid $13 million in debt.

Croft School Co-Founder Suspended; School Reportedly Millions in Debt

The co-founder of the Croft School has been suspended after reportedly misrepresenting the school’s finances, resulting in a $13 million debt and a need for $5 million to keep the school open for the rest of the school year. Scott Given co-founded the Jamaica Plain private school that opened at 3815 Washington St. in Forest Hills in 2017, as well as location in Providence. In recent months, the school had been looking to further expand its… The …