Infamous for Hosting Adult Parties After Hours – Miami Charter School Foreclosed

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Balere Language Academy

Update: A ruling for the bank went against the  owners of the “non-profit” school and a  management company at the same address who secured a second mortgage.

December 23, 2012

By: Bob Sikes – Scathing Purple Musings

Reports South Florida Business Journal reporter Brian Bandel:

The former home of a shuttered charter school is set for auction after Great Florida Bank won a $2.24 million foreclosure judgment.

The Miami-Dade County School Board voted in April to shut down the Balere Language Academy after parents complained of house parties with alcohol and distasteful promotions.

The Miami Lakes-based bank (Pink Sheets: GFLB) won the judgment against nonprofit Balere and loan guarantors Rocka Malik and Nagib Malik over a $1.5 million mortgage, plus interest and fees. It was also awarded judgment against Strategic Empowerment for Economic Development Corp., which provided a $1.2 million second mortgage.

The 19,304-square-foot school on six acres at 10875 Quail Roost Drive in southern Miami-Dade County is set for online auction Jan. 23.

I highlighted “nonprofit” as it reveals the big scam the charter school operators – and their accomplices in the Florida legislature – are pulling over on Floridians. A non-profit charter school is set up by the same folks who own the real estate management company. In this instance, both the school and the company which provided a second mortgage are located at the same address.

Yet Florida’s governor, it’s legislature and assuredly it’s new education commissioner want more charter schools. Hiding behind the benevolence of “choice,” a blind eye continues to be turned away from  fraudulent use of taxpayer money. Nevermind the incalculable loss suffered by children and their families who bought into to the scam.

Original article: http://bobsidlethoughtsandmusings.wordpress.com/2012/12/23/infamous-for-hosting-adult-parties-after-hours-miami-charter-school-foreclosed/

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