Simplify the following text for a Grade 4 native English-speaking person.
Original: The next day the Baudelaires set out to find Mr. Poe , who works at Mulctuary Money Management , and report Olaf 's abuse . Poe explains that Olaf is acting in loco parentis , and can raise them as he sees fit .
Simplified: Mr. Poe told them that Olaf may raise them however he wants .