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Founders Ben Harris and David Chaney and former CFO Josh Brock were taken into custody about 10 a.m. and booked into the Oklahoma County jail on a $250,000 bond, according to the Oklahoma State Bureau of Investigation.
The Oklahoma State Bureau of Investigation announced the arrests of Epic Charter Schools founders and the school's former chief financial officer on a series of complaints.
Two virtual education officials disqualified from voting on Epic Charter Schools have been reinstated.
The Oklahoma Statewide Virtual Charter School Board agreed on Tuesday to restore board members Mathew Hamrick and Phyllis Shepherd to discussions and votes on Epic.
Hamrick and Shepherd had been barred from voting on Epic since December because of their ties to the virtual system s co-founder David Chaney.
The remaining non-recused board members Chairperson Robert Franklin and members Barry Beauchamp and Brandon Tatum agreed to reinstate Hamrick and Shepherd now that Epic has severed its relationship with Chaney and co-founder Ben Harris.
Hamrick filed a lawsuit in April to challenge his disqualification, alleging violations of administrative procedure and the Oklahoma Open Meetings Act. He is expected to drop the lawsuit in Oklahoma County District Court.