Empty Nesting: CEOs, Celebs Tied To College Admission Bribery Case (NYSE:HTGC)

Mar 13, 2019, 00:15
Empty Nesting: CEOs, Celebs Tied To College Admission Bribery Case (NYSE:HTGC)

At the center is a man named William Rick Singer, who ran a company called Edge College and Career Network, and who faces up to 65 years behind bars for various charges of fraud.

Two of the biggest celebrity names on the list are actresses Lori Loughlin and Felicity Huffman.

News show that both Huffman and Loughlin have been charged with conspiracy to commit mail fraud and honest services mail fraud.

A third party was taking exams for students or replacing students' responses in exams so students could get into colleges, records said.

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The alleged scheme involved getting students admitted to some of the top schools in the country as recruited athletes - regardless of athletic ability - and helping those applicants cheat on their entrance exams, according to the documents.

The racketeering conspiracy case includes the parents of applicants, ACT and SAT administrators, a test proctor, and coaches at universities including University of San Diego, UCLA, USC, Georgetown University, Stanford University, University of Texas, Wake Forest and Yale.

U.S. Attorney for District of Massachusetts Andrew Lelling announces indictments in a sweeping college admissions bribery scandal, during a news conference, Tuesday, March 12, 2019, in Boston.

Fifty people have been charged in what federal officials say is the largest college admissions scam ever prosecuted by the Justice Department.

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Huffman, specifically, alleged made a $15,000 donation for her oldest daughter, considered "pursuing the scheme" a second time before "deciding not to do so".

LOS ANGELES, CALIFORNIA - FEBRUARY 19: Felicity Huffman attends Raising Our Voices: Supporting More Women in Hollywood & Politics at Four Seasons Hotel Los Angeles in Beverly Hills on February 19, 2019 in Los Angeles, California.

According to court documents, some parents allegedly paid for someone to pose as their child to take entrance exams ― and even in classes, with those grades submitted as part of the college application. Representatives for Loughlin had no comment. Giannulli has also been charged in the indictment. - One of which is a founder of the California based non-profit Key Worldwide Foundation. Federal authorities say the parents knowingly paid bribes ranging from thousands of dollars to $6 million dollars to Singer, who would then forward it to the appropriate person to help with admission.

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