STATEWIDE–An Indiana man has been convicted of 18 federal charges for his role in a scheme that fraudulently obtained more than $60 million in state education funding through two online charter schools.
Phillip Holden, 65, of Middletown, was found guilty of 17 counts of wire fraud and one count of conspiracy to commit wire fraud following an eight-day trial. He faces up to 20 years in federal prison per count and is scheduled to be sentenced Feb. 25, 2027.
The case involved Indiana Virtual School and Indiana Virtual Pathways Academy, which prosecutors said inflated student enrollment numbers to receive millions of dollars in state funding…