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Developing now, Wednesday, March 13, 2019
COLLEGE ADMISSIONS SCANDAL: LIFESTYLE OF THE RICH AND INFAMOUS - After a frenzied few hours in which federal authorities made several high profile arrests -- and outlined a top-secret investigation into an alleged scam involving rich and famous clients paying millions to a network of counselors and coaches to ensure their privileged children be granted admission to some of the country’s most prestigious colleges -- a judge said Tuesday that jailed actress Felicity Huffman, accused of paying a bribe to help get her daughter into a top school, was eligible for releaseon $250,000 bond ... Huffman and "Fuller House" star Lori Loughlin,headline a veritable who's who of the rich and powerful charged in the bombshell case. College coaches and others are among the reported 50 people charged with racketeering, conspiracy and more in a case that has implicated schools such as Wake Forest University, Georgetown and the University of Southern California.
Federal investigators said the coaches accepted bribes in exchange for admitting students as athletes, regardless of their ability. Investigators said parents would pay a predetermined amount to college entrance consultant William "Rick" Singer, who then would give the funds to coaches, SAT or ACT administrators. Singer, 58, has been called the "ringleader" behind the scheme. He agreed to plead guilty in Boston federal court Tuesday to charges including racketeering conspiracy and obstruction of justice.
The alleged bribes ranged from several thousand dollars to $6 million. For example, documents alleged that Loughlin and her famed fashion designer husband, Mossimo Giannulli "agreed to pay bribes totaling $500,000 in exchange for having their two daughters designated as recruits to the USC crew team – despite the fact that they did not participate in crew – thereby facilitating their admission to USC." The cheating scandal rocked Hollywood on Tuesday as federal prosecutors outlined their case - and famed legal scholar Alan Dershowitz predicts it could be even more widespread.
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