Former Indiana Virtual School director found guilty of fraud in enrollment inflation scheme
Published . Updated .
Covered by 4 outlets: Daily Journal, Indiana Public Radio, WBAA, WFYI.
Key takeaways
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By Aleksandra Appleton | Chalkbeat Indiana
Directly affected
- No company is named in this report.
Indirectly affected
- TIP iShares TIPS Bond ETF-0.4% 30d
iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- XLP Consumer Staples Select Sector SPDR-1.1% 11d
Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.
- WMT Walmart+20.2% 30d
Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- COST Costco Wholesale+14.1% 30d
Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- PG The Procter & Gamble+11.5% 30d
The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
- KO The Coca-Cola+9.7% 30d
The Coca-Cola (beverages): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| TIP | +0.43% | -0.14% | base | +0.05% | after close | after close | after close |
| XLP | -2.05% | -2.55% | base | -1.31% | after close | after close | after close |
| WMT | -3.29% | -2.27% | base | -1.80% | after close | after close | after close |
| COST | -5.04% | -4.40% | base | -1.20% | after close | after close | after close |
| PG | -3.29% | -3.00% | base | -1.00% | after close | after close | after close |
| KO | -1.71% | -1.02% | base | -0.09% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Former Indiana Virtual School director found guilty of fraud in enrollment inflation scheme Daily Journal
Source: Daily Journal
Ishares Tr (TIP) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Costco Wholesale (COST) | that day | -1.20% | final price |
| Costco Wholesale (COST) | three days earlier | -4.40% | final price |
| Costco Wholesale (COST) | five days earlier | -5.04% | final price |
| Coca Cola (KO) | that day | -0.09% | final price |
| Coca Cola (KO) | three days earlier | -1.02% | final price |
| Coca Cola (KO) | five days earlier | -1.71% | final price |
| Procter & Gamble (PG) | that day | -1.00% | final price |
| Procter & Gamble (PG) | three days earlier | -3.00% | final price |
| Procter & Gamble (PG) | five days earlier | -3.29% | final price |
| Ishares Tr (TIP) | that day | +0.05% | final price |
| Ishares Tr (TIP) | three days earlier | -0.14% | final price |
| Ishares Tr (TIP) | five days earlier | +0.43% | final price |
| Walmart (WMT) | that day | -1.80% | final price |
| Walmart (WMT) | three days earlier | -2.27% | final price |
| Walmart (WMT) | five days earlier | -3.29% | final price |
| Select Sector Spdr Tr (XLP) | that day | -1.31% | final price |
| Select Sector Spdr Tr (XLP) | three days earlier | -2.55% | final price |
| Select Sector Spdr Tr (XLP) | five days earlier | -2.05% | final price |
Congressional trades in the stocks in this story
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 35 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Jonathan Jackson sold Walmart (WMT) (jointly held), worth $50,001 - $100,000 on 28 Sep 2026. That is 39 days before publication. Filed 19 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 42 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST), worth $100,001 - $250,000 on 13 Oct 2026. That is 24 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST) (held by a spouse), worth $250,001 - $500,000 on 2 Oct 2026. That is 35 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 42 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Procter & Gamble (PG), worth $1,001 - $15,000 on 23 Oct 2026. That is 14 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. David J. Taylor sold Procter & Gamble (PG), worth $1,001 - $15,000 on 12 Oct 2026. That is 25 days before publication. Filed 15 Oct 2026. View the filing.
- Rep. Pete Sessions sold Procter & Gamble (PG), worth $1,001 - $15,000 on 8 Oct 2026. That is 29 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern bought Coca Cola (KO) (jointly held), worth $1,001 - $15,000 on 31 Aug 2026. That is 67 days before publication. Filed 25 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Ishares Tr (TIP)
Companies carried with this story
- TIP Ishares Tr
In “Former Indiana Virtual School director found guilty of fraud in enrollment inflation scheme,” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- XLP Select Sector Spdr Tr
In “Former Indiana Virtual School director found guilty of fraud in enrollment inflation scheme,” Select Sector Spdr Tr (XLP) is linked, with no stored direction, medium confidence. Reason on file: Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- WMT Walmart
For “Former Indiana Virtual School director found guilty of fraud in enrollment inflation scheme,” Walmart (WMT) is linked, with no stored direction, medium confidence. Reason on file: Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- COST Costco Wholesale
Costco Wholesale (COST) is linked, with no stored direction, medium confidence in the 6 Nov 2026 story “Former Indiana Virtual School director found guilty of fraud in enrollment inflation scheme.” Reason on file: Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- PG Procter & Gamble
Procter & Gamble (PG) is linked, with no stored direction, medium confidence in the 6 Nov 2026 story “Former Indiana Virtual School director found guilty of fraud in enrollment inflation scheme.” Reason on file: The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- KO Coca Cola
In “Former Indiana Virtual School director found guilty of fraud in enrollment inflation scheme,” Coca Cola (KO) is linked, with no stored direction, medium confidence. Reason on file: The Coca-Cola (beverages): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
Ishares Tr (TIP)
“Former Indiana Virtual School director found guilty of fraud in enrollment inflation scheme” (6 Nov 2026) reaches Ishares Tr (TIP) through this story.
What ties Ishares Tr (TIP) to the headline is this: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
A second company, Select Sector Spdr Tr (XLP), is listed for a different reason: Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
Dates and price levels for Ishares Tr (TIP)
TIP traded between 103.77 and 105.61 across 19 sessions. The latest close on file is 105.27. WMT traded between 108.59 and 130.92 across 20 sessions. The latest close on file is 129.23. XLP traded between 80.10 and 83.07 across 9 sessions. The latest close on file is 81.02.
How strong the case is around Ishares Tr (TIP)
69 out of 100
“Former Indiana Virtual School director found guilty of fraud in enrollment inflation scheme” scores 69 out of 100. The score uses 4 sources, and 6 linked companies.