Bond Document Reveals Much About Harvest Prep, Some Details About Eric Yusef Mahmoud's Involvement In A Mortgage Fraud...

Creative stock photo, blog post by John Hoff

I will probably have to preface any story about bond issues at Harvest Prep/SEED Academy with this disclaimer: bonds are not one of my areas of knowledge. But there is a story here, (the Star Tribune thinks there is a story, also) and even without expertise in bonds I know that sentences like "The Borrower has previously committed monetary and other defaults on several monetary obligations..." are worrisome.

So I will throw the relevant documents out in the world for public scrutiny and I will highlight what I see as worrisome sections of the documents.

Click here for extensive document on the Harvest Prep bonds.

According to a regular reader of mine who knows a little something about bonds, the following...

Trying To Make Sense Of Harvest Prep Finances, What Is Up With January 1 Bond Redemption By City of Minneapolis?

Creative stock photo, slide rule collection at MIT, blog post by John Hoff

This blog is not the only entity asking interested questions about the finances of Harvest Prep, the subject of recent blog coverage, click here and here and also here. 

The Star Tribune wrote a story in August, "Harvest Prep asked to reveal details of finances." (Hurry, click here before the STrib link goes dead or takes you to a website asking you to pay for old junk in their archive) Until the last few days, I confess that I didn't have a firm grasp on how massive these finances are. I mean, my word, we're talking about the BOND MARKET, here.

The bond market is not my forte. Give me a nice criminal complaint any old time, and I'll unscramble it and try to make some sense of it.

Having said that...

Mysterious Don Allen Email To Star Tribune Reporter Raises Question Of Test Score Tampering At Harvest Prep, That Question Comes From DON ALLEN, So Take It For What It's Worth, But WTF, Don, WTF?

Facebook photo of Don "Shakedown Blogger" Allen, used under
First Amendment Fair Comment and Criticism

While the Johnny Northside blog has written two articles raising questions about Eric Yusef Mahmoud, the convicted mortgage fraudster who is the founder of SEED Academy/Harvest Prep, blogger Don Allen has been pretty much carrying Mahmoud like a supportive beast of burden.

(Click here and here for my previous two blog posts)

But for a while I thought, well, that's fine. Don Allen smells money in Eric's pants pockets, so Don Allen will do his thing and, to balance out the universe, I will do my thing. But now I have to raise questions about what Don Allen supposedly knew back in August of this year about alleged test score tampering at Harvest Prep....