Filing shows Haslam investment in troubled education company

NASHVILLE, Tenn. (AP) -- A filing with the Tennessee Ethics Commission shows Gov. Bill Haslam at one time owned a block of shares in an education company behind a troubled online school in the state.

The Tennessean reports Haslam invested at least $10,000 in K12 Inc. in July 2008 when he was mayor of Knoxville. He sold off all of his shares by July 2009 when he was running for governor.

Haslam said he did not know about the investment before the newspaper inquired about it last week. He said the investment had been made by an investment manager.

Virginia-based K12 Inc. operates the Tennessee Virtual Academy on behalf of Union County Public Schools.

The Academy's student test results have ranked among the worst in the state in each of its two years of existence.

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