Resignations, arrests after huge U.S. college cheat scheme exposed
BOSTON/LOS ANGELES - “Full House” actor Lori Loughlin and the former head of financial firm Pimco are due to face criminal charges on Wednesday related to a $25 million scheme to help wealthy Americans secure places for their children in top U.S. colleges.
Loughlin was taken into custody by FBI agents in Los Angeles on Wednesday morning, Laura Eimiller, a spokeswoman for the Federal Bureau of Investigation, said. Former Pimco Chief Executive Douglas Hodge is due to be arraigned in federal court in Boston, officials said. Singer ended up cooperating with investigators last year, helping them record incriminating conversations he had with Loughlin, Henriquez and other parents.
It was unclear how many children benefited from the scheme, though investigators said more parents and coaches may yet be charged. In telephone conversations intercepted by investigators, Singer brags he helped 760 students in just the first few months of 2018 and 96 the year before, while in other conversations he reassures parents that he has helped more than 20 or 30 other students cheat in recent years.
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