Overview
- Abdirizak Farah pleaded guilty to conspiring to commit bank fraud.
- Farah diverted $265,000 from charter schools he founded to buy a $900,000 home.
- He falsely claimed the funds were for learning materials and submitted misleading documents.
- Farah will forfeit $265,000 to the United States as part of his plea agreement.
- Sentencing will be determined at a future court hearing.