Your a fraud because you think big?
No, he's a fraud because he's thinking foolishly. He's not some inspired 16 year old, he's a 30 or 40 year old man, and should have everything much more transparent and put together by now. Everything should be glossy and smooth from a public perception, basic things like his credentials shouldn't be hard to find, especially if he's asking for $4,000,000 which is $3,999,900 more than he'll probably get.
I'm not even an expert on this but that shouldn't even be enough for him to buy, repair, and sustain a "school" for even a month.
Its not like his record is even that impressive, there are principals all over the US who have led their student bodies to perfect pass records, perfect graduation records, perfect college acceptance rates, basic shyt like that should be a requirement before you should even think about trying to seize control of a school.
I don't know every aspect of this seems shady, and the plan is going to fall through before it can even get off the ground.