- The discovery of the college admissions scandal only came to light after a suspect in a separate FBI case revealed it, hoping for leniency, The Wall Street Journal reported.
- The tip reportedly led the FBI to Yale women’s soccer coach Rudy Meredith, who is accused of taking a $400,000 bribe to help a student gain admission.
- On Tuesday the FBI charged 33 people, including Hollywood actors, athletic coaches, and business leaders, over the scandal.
- Some parents reportedly paid William Singer, owner of the Edge College & Career Network at the centre of the scandal, up to $6.5 million to get their children into top schools.
The US college admissions scandal only came to light because a FBI suspect in a separate case sold out to authorities in the hope they’d be lenient, The Wall Street Journal reported.
The newspaper said that an unnamed financial executive in an unrelated fraud probe, told agents about the scam in an attempt to secure leniency for himself.
The Journal said:
“Federal authorities were looking into a securities fraud case in spring 2018 when a person involved, a financial executive hoping for leniency, said he had information of great interest on another matter, according to people familiar with the investigation.”
The report does not say whether the executive received any leniency in exchange for the tip.
On Tuesday, dozens of people — including Hollywood actors, college athletic coaches, and business leaders — were charged in a college admissions bribery scandal uncovered by the FBI.
33 parents are accused of paying a collective $25 million to William Singer, owner of the Edge College & Career Network, to boost their children’s chances of getting accepted into an elite university.
Bribes reportedly cost as much as $6.5 million and fell into two schemes.
The first involved having their children pose as athletes to gain an easier route into elite colleges.
The second involved stand-ins taking SAT and ACT exams for their children.
According to the Journal, the tip-off pointed police to Yale women’s soccer coach Rudy Meredith, who is accused of taking a $400,000 bribe to get a girl into Yale by pretending she was a star soccer player.
The girl’s family reportedly paid Singer $1.2 million to orchestrate the deal.
The Journal said that authorities are not yet done indicting people, and could “implicate more coaches and parents” soon.
Singer has been charged with racketeering conspiracy, money laundering conspiracy and obstruction of justice.
Source: Business Insider (BusinessInsider.com)