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Feds Arrest Dozens, 'Largest College Admissions Scam Ever Prosecuted'

4 comments, 121 views, posted 10:44 pm 12/03/2019 in News by REALITY
REALITY has 20791 posts, 7951 threads, 1858 points, location: South, Middle. Middle South. In the South, In The Middle.
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Feds Arrest Dozens, Including Actresses and Ex-Pimco CEO, In "Largest College Admissions Scam Ever Prosecuted"


Update 3/12/2019 2:54PM EST: It was also disclosed that Willkie Farr & Gallagher Co-Chairman Gordon R. Caplan has been charged. Caplan, described in the complaint as “an attorney and the co-chairman of an international law firm based in New York”, is reportedly said to have donated $75,000 to the brokering entity in question in order to have SAT test administrators correct his daughter's answers after she finished it. 

Update 3/12/2019 1:46PM EST: The complaint alleges that Ex-Pimco CEO Hodge “agreed to use bribery to facilitate the admission of two of his children to USC as purported athletic recruits” and, according to Bloomberg, he "sought to enlist the support of a cooperating witness to help a third child gain college admission". Hodge declined to comment to Bloomberg when reached on his mobile phone, reportedly only saying, “I can’t talk right now.”

Update 3/12/2019 1:14PM EST: Ex-Pimco CEO Douglas Hodge was also named among those charged in the scheme. Hercules Capital also fell in intraday trading when it was revealed that its CEO and largest holder Manuel Henriquez was named in the DOJ affidavit. 

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Federal prosecutors announced that they were charging dozens of people, including famous actresses Felicity Huffman and Lori Loughlin, in an alleged scheme to help students get admitted to colleges under false pretenses on Tuesday. They are being charged with conspiracy to commit mail fraud. 38 people have reportedly been arrested thus far. 

Prosecutors are alleging that the individuals charged tried to bribe college entrance exam officials in order to cheat on admissions tests and that some conspired to bribe coaches and administrators to label their children as "recruited athletes". Athletes can sometimes get preferential treatment. 

Among the colleges involved were Georgetown University, Yale University, Stanford University and University of California Los Angeles, according to a WSJ writeup. Charitable organizations were used as fronts for the bribery payments, according to authorities. A Newport Beach college counseling business, the Edge College & Career Network LLC, was named as the main facilitator of the bribes. 

More than $6 million in bribes were paid, according to The Daily Mail, who also reported that "[Lori] Loughlin and her husband 'agreed to pay bribes totaling $500,000 in exchange for having their two daughters designated as recruits to the USC crew team'". Loughlin's husband Mossimo Giannulli has also been charged. It was also reported that Huffman paid a $15,000 charitable contribution. Her and her husband William H. Macy had planned to do the same for a younger daughter of theirs later this month, according to reports. 

It was alleged that Huffman's daughter was able to cheat on her SATs as a result of the payments. According to the Daily Mail:

Quote:

Huffman had the site where he daughter took the SATs moved from her own high school to a test center West Hollywood.

Her test was then administered by a proctor who had flown in from Tampa and told investigators that he 'facilitated cheating, either by correcting the student's answers after the test or by actively assisting the student during the exam.'

In this case, Huffman daughter scored a 1420, which was a 400 point improvement from her PSAT results just one year prior. 

Soon after the proctor was paid $40,000 by the same organization that Huffman would later give a $15,000 donation according to the documents. 


The document by authorities filed on Tuesday read:

Quote:

'Beginning in or about 2011, and continuing through the present, the defendants -- principally individuals whose high-school age children were applying to college -- conspired with others to use bribery and other forms of fraud to facilitate their children's admission to colleges and universities in the District of Massachusetts and elsewhere, including Yale University, Stanford University, the University of Texas, the University of Southern California, and the University of Southern California -- Los Angeles.'


Boston authorities called the bust "the largest college admissions scam ever prosecuted by the Department of Justice."

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Comments

6
11:07 pm 12/03/2019

HariSeldon

Wealthy people used their wealth to get special service from a company.

I'm having a hard time getting outraged

2
2:38 pm 13/03/2019

i_am_god

The guy who brokered all this ended up wearing a wire for the FEDS. Now that's how you commit a crime.
Rob a bank? Call the police after you get in the getaway car.

I don't get it. For the amount they paid for this they could have just donated to the university foundations. Shit that's how Trump got into college. He never would have gotten into a community college if his daddy hadn't passed over a pile of money.

This has been going on forever.

2
2:40 pm 13/03/2019

i_am_god

Play stupid games, win stupid prizes.

And Loughlin's daughter has said she only wanted to go to college for the "college life experience." She was not even interested in learning anything. There is a family fortune that wont make it to a third generation.

1
2:43 pm 13/03/2019

elsels

I guess their kids were too stupid to get into college on their own merits. smdh.

I would be so angry at my parents if they did that. That is just telling your kids they are dumb and you have no confidence in them.

*Middle Child graduates from college in less than two months, MCL, and did it all through her own efforts and dedication. Mom and Dad's help with tuition payment, her three jobs also helped.

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