Home / US / How the authorities discovered about the alleged college cheating scam

How the authorities discovered about the alleged college cheating scam

The CEO, identified by the Wall Street Journal as Morrie Tobin, was investigated as part of a separate financial fraud case and provided investigators with sufficient information that they could identify William Rick Singer as the mastermind of the site, the official said.

Tobin made two allegations of securities fraud for his role in a pump-and-dump system involving manipulation of stocks by two companies he secretly owned. The Securities and Exchange Commission said that the stock of both companies was artificially inflated for Tobin's own profits.

He told investigators that Rudolph "Rudy" Meredith, the main woman's football coach at Yale University, had been seeking a bribe in return for getting her daughter into the Ivy League school, Wall Street Journal reported.

The trainer collaborated with Singer to accept bribes in exchange for appointing Yale applicants as a team recruiter, according to a court application. Meredith could not be reached for comment.

What followed after that was an annual investigation culminating in the arrest of Meredith and other coaches; parents, including actresses Felicity Huffman and Lori Loughlin; cogs in the alleged bluff, like Mark Riddell, accused of taking tests for others or fixing points; and the mastermind of the plot, Singer.

  Cheat. Bribe. Lie. Here's how the college assumptions scam allegedly worked

Tobin has not been charged in the college admissions scam case but the WSJ reports that he is waiting for judgment in securities fraud cases where he signed a claim agreement in November.

The survey data, first reported by the Wall Street Journal, focuses on law enforcement efforts to gather evidence against Singer, who made $ 25 million by running a system where he mutated buses and university administrators to appoint students who recruited athletes and also solid SAT and ACT test results.

"I created a side door," said Singer in the district court on Tuesday as he pleaded guilty to four bills related to the multimillion dollar scam and admitted that the case against him was correct. "So that was what made it so attractive to so many families I have created a guarantee."

  What will happen to the students involved in the college admissions cheating scandal?

Both Huffman and Loughlin have made their first court appearances and were released after They sent out bonds, they will be shown separately before a Boston judge on March 29.

Meredith, the former Yale football coach, is expected to go before a verdict are on March 28. He has not yet entered a foundation.

Riddell, an advisor at a private school in Florida, is scheduled to appear in court in April. He has not yet invoked.

"I want to communicate with everyone that I am deeply sorry for the harm I have done and the grief I have caused them because of my unnecessary actions." Riddell said in a statement from his lawyer. "I understand how my actions contributed to the loss of confidence in the college admission process. I take full responsibility for what I have done."

"This case is about the increasing corruption of elite education intrusion through a steady application of wealth combined with fraud," said US lawyer Andrew Lelling. "There can be no separate college admission system for the rich, and I add that there will also be no separate criminal justice system."

Source link