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Juan Rangel and UNO

What emerged is a cautionary tale about the intersection of ambition and opportunity. UNO and its CEO thrived mainly because of gaping loopholes in the charter school system. While UNO has received a staggering $280 million in public money over the past five years to spend on education, neither Chicago Public Schools nor the Illinois State Board of Education provided enough oversight. Without that, insiders say, UNO developed a free-wheeling culture that was ripe for abuse. It collected lots of money, and Rangel amassed lots of power.

But he didn’t always use them for the benefit of the thousands of kids in his charter schools.