Newsdeck: Two More Parents Are Indicted in College Admissions Scandal By Bloomberg
Gregory and Amy Colburn conspired to launder money and commit wire fraud by paying college admissions counselor William Rick Singer, the plot’s ringleader, to have a proctor correct their son’s answers on the SAT college entrance exam, prosecutors said. One other parent, David Sidoo, was previously indicted for twice paying $100,000 for a surrogate to take tests for his two sons. He has pleaded not guilty.
The indictment signals that prosecutors are taking a hard line with at least some of the parents by indicting them for felonies that carry significant prison time. So far, most of them have been charged only in a criminal complaint — essentially a statement of facts made by an FBI agent — and, legal experts said, they may seek plea deals for misdemeanors that would keep them out of jail. An indictment is more serious, suggesting the government may not be as lenient in negotiations.
“Right. It was to help underserved kids … Got it. No problem,” Colburn replied, according to prosecutors.The U.S. says wealthy parents — including celebrities, a top mergers attorney and a venture-capital CEO — paid Singer to get their kids into schools including Yale, Georgetown, Stanford, Wake Forest and the University of Southern California.
While the bribes to coaches were typically in the hundreds of thousands of dollars, other payoffs were more modest. Prosecutors say the Colburns, of Palo Alto, California, paid $25,000 in cash and stock for Riddell to correct their son’s answers at a West Hollywood testing center. Riddell helped him score an 1190, which was submitted to Texas Christian University, Indiana University and the universities of Oregon and Arizona — schools not previously mentioned in the case.
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