In the latest development in the “largest college admissions scam uncovered in U.S. history,” on Monday afternoon actress Felicity Huffman and 13 others agreed to plead guilty in the scandal, signaling that prosecutors are aggressively wresting deals from the wealthy parents, according to Bloomberg.
The 14 are among 50 people accused by Boston federal prosecutors of engaging in schemes that involved cheating on college entrance exams and paying $25 million in bribes to secure their children admission at well-known universities. Federal prosecutors announced the deals on Monday afternoon, identifying the parents and a University of Texas men’s tennis coach who have negotiated plea bargains.
It’s not yet clear what their sentences will be: according to one New York lawyer, Huffman and Lori Loughlin could end up serving time in prison for their alleged involvement in the high-profile college admissions cheating scandal. Last Wednesday, the Full House and Desperate Housewives stars appeared alongside other wealthy parents in U.S. District Court in Boston for the first time since they were charged in March. During their preliminary hearings, they were both read the federal felony charges they face after their arrests in March: conspiracy to commit mail fraud and honest services mail fraud.
And while the charges carry a potential maximum sentence of five years for each actress, it is more likely that as a result of the plea deal, the celebrities will avoid prison time and be slapped with substantial penalties instead.
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Huffman, who starred in “Desperate Housewives,” was among 33 parents charged in March with participating in the scheme in hopes of getting their children into universities including Yale, Georgetown and the University of Southern California. Prosecutors dubbed it the “largest college admissions scandal the U.S. has ever prosecuted.”
“With deep regret and shame over what I have done, I accept full responsibility for my actions and will accept the consequences that stem from those actions,” Huffman said in a statement. “My daughter knew absolutely nothing about my actions, and in my misguided and profoundly wrong way, I have betrayed her.”
She wasn’t alone: “No words can express how profoundly sorry we are for what we have done,” two of the parents, Bruce and Davina Isacksons, said in a statement on Monday. “Our duty as parents was to set a good example for our children and instead we have harmed and embarrassed them.” They added that they have also let down their “entire community” and said they have cooperated with prosecutors and would continue to do so.
Also last Friday, Gordon Caplan, the former co-chair of Willkie Farr & Gallagher and one of the highest-profile parents in the scandal, also said he would admit his guilt.
Authorities said the scheme was overseen by California college admissions consultant William “Rick” Singer, who has pleaded guilty to facilitating the cheating scam and bribing coaches to present the parents’ children as fake athletic recruits.
Huffman, who is married to the actor William H. Macy, is accused of making a $15,000 contribution to Singer’s foundation in exchange for having an associate of Singer’s in 2017 secretly correct her daughter’s answers on an SAT college entrance exam at a test center that prosecutors say Singer controlled.
Yet while the rich and famous taking advantage of their wealth to get further ahead in life – or help their children to do so – is hardly surprising, what is most bizarre about this entire fiasco is that some still believe that students are still admitted purely on their merits, which is quite delightful in a time when hedge fund managers, politicians and public figures donate tens of millions of dollars to their alma maters not for some giant vanity project, but to extract benefits in exchange for their “donations.” And as the US judicial system is preoccupied with Huffman, Loughlin and the like, far greater crimes take place every day on Wall Street, Washington and, of course, the Marriner Eccles building, and will continue to do so without any DOJ intervention, until one day a revolution finally does break as the population demands real justice for everyone.
via ZeroHedge News http://bit.ly/2FYwHJm Tyler Durden