Former Education Secretary and K12 Inc. CEO William Bennett was among the insiders who sold shares of stock in K12 during its recent IPO, according to documents* filed with the SEC. 

Bennett, you'll recall, officially parted ways with K12 in 2005 after he made remarks about abortion and African Americans on his radio show.

I'm far from expert at reading SEC filings, but Bennett Family Investment Limited Partnership appears to have sold roughly $4 million (some 200,000 shares sold at ~$!8-$25?) in K12 stock and still holds about four times that much.

K12 made a big deal about putting distance between Bennett and the company in an apparent effort to continue to sell its snake oil to serve communities with large numbers of African Americans.  But it appears that Bennett has maintained a multi-million-dollar stake in the company all along.

*Here's the prospectus.  It's long but searchable.

(Special message to Nady Samnang, who commented on an earlier post about this company: Next time you comment about K12, please let us know you're a former K12 employee. You told us you were "looking to invest in this company and looking at all insights."  But you told a Google chatfest you "used to work for this company about 3 or 4 years ago.  Nothing but great things about this company all over the board.")