The lack of basic safeguards has opened up the charter school sector to “educational entrepreneurs,” says Preston C. Green, professor of Educational Leadership at the University of Connecticut. “These actors may also run businesses whose interests conflict with the charter schools that they are operating.”

“In the case of Enron, the gatekeepers failed to consider the risks that Fortune 500 companies posed to the financial markets,” Preston Green explains. “They wrongly assumed that these entities would play by the rules. As a result, Enron was allowed to engage in its illegal activities for several years without detection. ”