Erik Hasenoehrl

Person

Last mentioned: Mar 21, 2026

Timeline

  1. Payroll Deadline

    The date by which the school will exhaust its remaining cash for staff salaries.

  2. Police Investigation

    Boston Police confirm an open investigation into financial mismanagement and forgery.

  3. Parent Notification

    The Board of Managers notifies families of the financial crisis one week after the initial discovery.

  4. Forgery Detected

    Leader Bank identifies a forged $500,000 letter of credit; Given is suspended by the board.

  5. School Founded

    Given establishes the Croft School in Boston.

Stories mentioning Erik Hasenoehrl 1

Corporate Law Neutral

Croft School Scandal: Forgery and $13M Hidden Debt Trigger Legal Crisis

The Croft School faces imminent closure following revelations that its founder allegedly maintained dual accounting records to hide $13 million in debt and forged a $500,000 letter of credit. With Leader Bank seizing assets and the Boston Police opening a criminal investigation, the school's board is scrambling to secure $5 million to remain operational.

2 sources

About Erik Hasenoehrl coverage

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