Erik Hasenoehrl

Person

Last mentioned: Mar 21, 2026

Timeline

  1. Payroll Deadline

    The date by which the school will run out of cash to pay teachers without new funding.

  2. Parent Notification

    The Board of Managers informs families of the financial crisis and $13M debt.

  3. Forgery Discovered

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

  4. School Founded

    Given establishes The Croft School in Boston.

Stories mentioning Erik Hasenoehrl 1

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Croft School Crisis: $13M Hidden Debt and Forgery Allegations Threaten Closure

The Croft School is facing an existential crisis following allegations that founder Given forged financial documents and maintained dual accounting records to hide $13 million in debt. With bank accounts frozen and only enough cash to meet payroll through March, the institution requires an emergency $5 million infusion to prevent the immediate displacement of 200 students.

2 sources

About Erik Hasenoehrl coverage

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