DEDHAM, MASS. (WHDH) – The founder and CEO of The Croft School, which has locations in Boston and Providence, Rhode Island, is accused of running a Ponzi scheme, according to a lawsuit filed by a school parent.
Scott Given founded the private school in 2017, and he is now accused of mishandling the school’s money.
One father is suing Given, pointing to a letter asking for help funding projects.
“He had a ‘win-win’ opportunity for them to invest in the school and allow these expansion projects to happen, while also making a little money on the interest of what he called ‘Croft Bonds,’” said Ashleigh Bell, an Attorney for the Father filing suit.
That man said he invested $160,000 after he was shown financial statements.
“It’s now come to light that those financial statements provided were completely false,” Bell said.
The alleged scheme was revealed after Given backed out of a lease of the Foodie’s Market space in Boston’s South End. The property owners went to Leader Bank to cash Given’s deposit, but the bank found the line of credit presented was not real and then called police.
“Once the police got involved in this investigtion about fraudulent statements, they all came to light that there were two sets of books,” Bell said.
Given’s attorney denies his client has done anything wrong.
“Scott has never diverted school funds for his own personal use or used school funds in a manner that did not benefit the schools,” said Peter Parker, Given’s Defense Attorney.
Given is facing two civil lawsuits and has been suspended. Parker said Given is cooperating with the school to help carry out its mission.
(Copyright (c) 2026 Sunbeam Television. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
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