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story.lead_photo.caption FILE - In this Feb. 28, 2019 file photo, actress Lori Loughlin, center, poses with daughters Olivia Jade Giannulli, left, and Isabella Rose Giannulli at the 2019 "An Unforgettable Evening" in Beverly Hills, Calif. Loughlin and her husband Mossimo Giannulli were charged along with nearly 50 other people Tuesday in a scheme in which wealthy parents bribed college coaches and other insiders to get their children into some of the most elite schools in the country, federal prosecutors said. (Photo by Chris Pizzello/Invision/AP, File)

BOSTON — Fallout from a sweeping college admissions scandal swiftly spread Wednesday, with actress Lori Loughlin surrendering ahead of a Los Angeles court hearing and a Silicon Valley hedge fund replacing its leader.

Loughlin and fellow actress Felicity Huffman headline the list of some 50 people charged in documents unveiled in Boston that describe a scheme to cheat the admissions process at eight sought-after schools. The parents bribed college coaches and other insiders to get their children into selective schools, authorities said.

Loughlin surrendered to the FBI on Wednesday morning and is scheduled for a court appearance in the afternoon, spokeswoman Laura Eimiller said.

Prosecutors allege Loughlin and her husband, fashion designer Mossimo Giannulli, paid $500,000 to have their two daughters labeled as recruits to the University of Southern California crew team, even though neither is a rower. Giannulli was released Tuesday after posting a $1 million bond.

The scandal also ensnared movers and shakers in the corporate world. The Palo Alto, Calif., hedge fund Hercules Capital announced Wednesday it was replacing its leader, Manuel Henriquez, who was arrested in New York City on Tuesday and released on $500,000 bail. Shares of the hedge fund plunged 9 percent.

Henriquez will still hold a seat on the board and serve as an adviser, Hercules said.

Mark Riddell — an administrator for Bradenton, Florida's IMG Academy, which was founded by renowned tennis coach Nick Bollettieri and bills itself as the world's largest sports academy — was suspended from his job late Tuesday after he was accused of taking college admissions tests as part of the scheme.

Riddell didn't return several phone calls seeking comment.

At the center of the scheme was admissions consultant William "Rick" Singer, founder of the Edge College & Career Network of Newport Beach, California, authorities said. Singer pleaded guilty Tuesday, and his lawyer, Donald Heller, said his client intends to cooperate fully with prosecutors and is "remorseful and contrite and wants to move on with his life."

Prosecutors said that parents paid Singer big money from 2011 up until just last month to bribe coaches and administrators to falsely make their children look like star athletes to boost their chances of getting accepted. The consultant also hired ringers to take college entrance exams for students and paid off insiders at testing centers to correct students' answers.

Some parents spent hundreds of thousands of dollars, as much as $6.5 million, to guarantee their children's admission, officials said.

"These parents are a catalog of wealth and privilege," U.S. Attorney Andrew Lelling said at a news conference in Boston, where the indictments in the scandal were handed up.

At least nine athletic coaches and 33 parents were charged. Dozens, including Huffman, the Emmy-winning star of ABC's "Desperate Housewives," were arrested by midday Tuesday.

Huffman posted a $250,000 bond after an appearance in federal court in Los Angeles. Her husband, actor William H. Macy, has not been charged, though an FBI agent stated in an affidavit that he was in the room when Huffman first heard the pitch from a scam insider.

Loughlin became famous as the wholesome Aunt Becky in the 1980s and '90s sitcom "Full House." She has lately become the queen of the Hallmark Channel with her holiday movies and the series "When Calls the Heart."

The coaches worked at schools such as Yale, Stanford, Georgetown, Wake Forest, the University of Texas, the University of Southern California and the University of California at Los Angeles.

Stanford's sailing coach John Vandemoer pleaded guilty Tuesday in Boston. A former Yale soccer coach had pleaded guilty before the documents went public and helped build the case against others.

No students were charged, with authorities saying that in many cases the teenagers were unaware of what was going on. Several of the colleges involved made no mention of taking any action against the students.

Several defendants, including Huffman, were charged with conspiracy to commit fraud, punishable by up to 20 years in prison.

"For every student admitted through fraud, an honest and genuinely talented student was rejected," Lelling said.

Lelling said the investigation is continuing and authorities believe other parents were involved. The IRS is also investigating, since some parents allegedly disguised the bribes as charitable donations.

The colleges themselves are not targets, the prosecutor said. A number of the institutions moved quickly to fire or suspend the coaches and distance their name from the scandal, portraying themselves as victims. Stanford fired the sailing coach, and USC dropped its water polo coach and an athletic administrator. UCLA suspended its soccer coach, and Wake Forest did the same with its volleyball coach.

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Comments

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  • Guest0987
    March 13, 2019 at 12:31 p.m.

    This sort of thing has been going on for ages. Glad some of them were caught. Now let's see if there are any consequences.

  • HenryP
    March 13, 2019 at 12:48 p.m.

    These people are in very expensive trouble for trying to get their kids in elite schools. Certain politicians walk around free....

  • Popsmith
    March 13, 2019 at 1:45 p.m.

    Just make a rule and someone will figure a way to cheat and make money at it.

  • 0boxerssuddenlinknet
    March 13, 2019 at 3:25 p.m.

    wonder how much the parents were going to have to pay to get their kids passing grades ?this is pretty disgusting.

  • mrcharles
    March 13, 2019 at 4:53 p.m.

    bail seems a little high.

    The powerful will always use that power to do what is best for them. Like getting a tax cut that the regular guy doesnt get.

    Perhaps spending money on tutors to legitimately make the grades to get in would have been better, but hey it put money into the economy.

    Wonder what the sentencing guidelines indicate for these crimes?

  • BoudinMan
    March 13, 2019 at 4:55 p.m.

    The worst part about this, other than millionaires knowing they can buy their way into, or out of, any situation, are the deserving students who could have had these spots on merit. Sorry. You all lost out to a bunch of one per centers.

  • PopMom
    March 13, 2019 at 5:49 p.m.

    It never ceases to amaze me how people will commit felonies with little thought as to how this will affect their careers. One of the head partners at the law firm of Wilkie Farr & Gallagher will be disbarred and may spend time in jail. It especially galls me when lawyers commit crimes. He probably was making $1.5 million a year if not more. Now he is 52 and will not work in law again. The actresses involved will not be employed again; nor will any of the coaches. These people have not only ruined themselves, they have cast a shadow over the lives of their children who took spots at these schools which rightfully belonged to more deserving children. The Dept. of Justice indicated that this investigation is ongoing. Expect more heads to roll. The scandal also has besmirched the reputation of many schools and drawn attention to how many parents get their kids in schools by donating large sums. Harvard should not have admitted Jared Kushner. Apparently, Trump got into U of Penn by nefarious means as well. It's disgusting.

  • Packman
    March 13, 2019 at 6:09 p.m.

    What does it say about a parent who teaches their children self worth is determined by admission into some high falutin college? My grandma always warned about “keeping up with the Jones’”. Greed and envy are two of the most deadly sins for a reason.

  • LRCrookAtty
    March 13, 2019 at 6:20 p.m.

    Mr.C..."Like getting a tax cut that the regular guy doesnt get."
    *
    The bottom 60% pay less than 3% of actual Federal Taxes. So, for them to GET a tax cut, they actually have to pay something.

  • LRCrookAtty
    March 13, 2019 at 6:22 p.m.

    The only thing I got out of this is my two older sons (24 and 25) asking me why I didn't pay to help them get into an ivy league school. (sarc.)

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