Teacher arrested in cash-for-grades scheme

August 31, 2009 2:05:11 PM PDT
A former teacher has been accused of collecting money from students for better grades. Thirty-year-old Megan Laboy is accused of collecting more than $1,400 from Colts Neck High School students during the 2008-09 school year.

Police say Laboy told students she'd give them extra credit and that the money was for charity. Investigators say she kept the money for herself.

Investigators said the scheme was "well known" to students. Police opened an investigation last June and interviewed more than 100 students since then.

Laboy, of Howell, is charged with one count of third-degree theft by deception. She was released on her own recognizance Monday.

Laboy worked for the district since 2001, but district officials say she is no longer employed.


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