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Suffield Academy head placed on leave amid reported IRS tax fraud inquiry
Suffield Academy has placed long-serving head Charles Cahn III on leave after trustees learnt he was reportedly under investigation by the IRS for alleged tax fraud. The school says its own finances are not under scrutiny and that it is co-operating with the investigation, but has not disclosed what prompted it.
Cahn, 56, led the Connecticut boarding school for 23 years and had been due to retire next summer; his named successor, Casey Bobo, has taken over his duties. He was paid $1,124,088 in the 2024-25 fiscal year, and had earned just over $1 million in each of the two years before that. Suffield has about 420 students, with annual boarding tuition of $79,400, and credits Cahn with fundraising that helped expand its 350-acre campus.
In short
- Suffield Academy has put head Charles Cahn on leave.
- The IRS is reportedly investigating him over alleged tax fraud.
- His successor has taken over ahead of his planned retirement.
Explained simply
Suffield Academy is a private boarding school in Connecticut, in the United States, with about 420 students. Its head is responsible for leading the school, while a board of trustees oversees its governance.
Charles Cahn III led the school for 23 years and was due to retire next summer. Casey Bobo, who had been named as his successor, has taken over his duties. The reported inquiry concerns alleged tax fraud; the school says its own finances are not under scrutiny and that it is co-operating.
The case matters to the school community because it involves a long-serving leader and raises questions about oversight and public trust. Suffield charges $79,400 a year for boarding, and says fundraising during Cahn’s tenure helped expand its campus.
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Originally published by Daily Mail as “Prestigious Connecticut boarding school shell shocked after its well-liked $1m-a-year principal is suspended over mysterious IRS probe”.