Adams did not provide a specific breakdown of how much Clemons took from the schools.
Deputy district attorney Brad Malkin had planned to ask for $1.2 million in restitution, but he agreed to a decrease when he found out Clemons had agreed to the $810,000 sum and was willing to waive a restitution hearing, where a judge may have ordered a lesser amount.
Clemons was represented by a public defender, Meghan Callier, who said in court Tuesday that the defense asked for a lower amount than prosecutors wanted because some of the expenses in question “were legitimate.”
“When it came to finances, there was not good record-keeping,” she said.
The remaining restitution will be paid to Cincinnati Insurance Co., which will receive $358,245. The company represented all three schools.
Charter Asset Management is to receive $129,862. Clemons entered into short-term loans with the charter-school funder on behalf of the schools but without authorization.
Kingsbridge Holdings, LLC, with whom Clemons, without authority, agreed to an equipment lease, will receive $129,127.
In court, Malkin posed a question likely on many victims’ minds when he asked Clemons if he had the ability to repay the money.
"Yes," said the Ivy League-educated and MBA-credentialed Clemons, adding he would make "my best attempt."
The district attorney’s office “has nothing to indicate that Clemons will not be able to repay restitution,” said the office’s spokesman Dexter Bond, Jr., in an email Wednesday.