A former White House adviser has been arrested and charged by the FBI with stealing $218,005 from charter schools he helped found.

Seth Andrew, 42, served under former President Barack Obama as a senior adviser in the Office of Educational Technology.

He was arrested on charges of wire fraud, money laundering, and making false statements to a financial institution. Federal prosecutors said that he used more than half of the allegedly stolen money to maintain his bank account above a threshold that enabled him to get better interest rates for a mortgage of his multimillion Manhattan apartment. Read more from The Epoch Times.