The bribes were "washed" through a phony "do-good" foundation, listed as "donations."
Some of the bribers now have tax problems b/c they listed the bribe as a “charitable donation to the fake foundation”
They even got written letters in return that said, “Thank you for your generous donation.”
To make the bribes appear legitimate they received receipts falsely indicating that “no goods or services were
exchanged” for their supposed donations to the foundation, according to authorities.
Loughlin and her husband allegedly hid their payments in two $200,000 wire transfers to the “charity” to get their daughters into USC.
Another couple allegedly made a contribution of $400,000 to secure admission for their daughter to Georgetown. One family is accused of “donating” $900,000.
Huffman paid $15,000 to the fake “foundation” on behalf of her eldest daughter, according to the FBI.
Using the US mail to facilitate the fraud also comes with penalties.....as do wire-transfers.
Do you suppose the colleges will be held responsible, for any of this?
Liz,
Thank you for that explanation. I was having some issues connecting the dots as to how this was illegal, and that helped immensely!
RS
Wow. Thank you so much. What a great reply :)
Yep, that’s laundering alright!!