Federal prosecutors say Kevin Ward, who took his own life earlier this year, embezzled $2.2 million from KIPP D.C. and used the money to buy a house and multiple cars.

“I teared up the first time they had their instruments in their hands a couple of weeks ago,” says the cellist, at one of her first in-person orchestra classes at KIPP DC Northeast Academy in more than a year.

Officers detained a 16-year-old suspect at the scene, according to D.C. police.

While the economy is still regaining its footing, Bank of America has begun to look to new sectors for development. In 2009, the first of a ten-year, $1.5 trillion initiative in community development lending, Bank of America racked up $6.16 billion in investments across the DC-area, reports the Washington Business Journal.The largest portion went to affordable housing, with small businesses and economic development also benefiting. Charter school operator KIPP DC was one project, receiving $24…