Posted on 03/13/2019 3:16:20 PM PDT by CaliforniaCraftBeer
Manuel Henriquez, who was also the top executive investment giant PIMCO until 2016, will be replaced as CEO and chairman of Hercules Capital in Palo Alto. Henriquez was arrested in New York City and released on $500,000 bail after a brief appearance in Manhattan federal court Tuesday. According to court documents obtained by KPIX 5, Henriquez and his wife, Elizabeth, paid a $25,000 bribe to get a [legal proctor] cooperating witness to sit side-by-side with [their] daughter [Isabelle "Izzy" Henriquez] during the exam and provided her with answers to the exam questions, and after the exam, he gloated
about the fact that they had cheated and gotten away with it. Shares of the hedge fund plunged 9 percent on word of Henriquez arrest Tuesday.
(Excerpt) Read more at sanfrancisco.cbslocal.com ...
Do you really think that universities have representatives present at SAT testing centers whenever a test is given? You are woefully uninformed.
The schools get the test scores reported to them from the company that runs the SAT. They trust the SAT to run it according to standards, and to have appropriate controls. They always have. Apparently, the crooks found one proctor in on location in Houston who could be bought. They made up an excuse to have the test taken in Houston, and that proctor conducted the test, either giving the “student” the answers, or taking the test for them.
With good scores in hand, the crooks then paid a corrupt tennis coach to ask the school to let the girl in, claiming that she was a great high school player. She didn’t play at all. Once admitted, the girl never had to show up or do anything related to tennis. The coach made $2million.
The school’s only fault was not requiring athletes to play a sport if they get in for a sport. That is pretty common at schools that are not big time D1 schools, they are lax about whether they require an athlete to follow through on their commitment. But the school that this girl attended, and as far as I can tell, all the schools that were scammed, had no knowledge of this corruption.
They went to corrupt doctors and got her certified as needing some special extra time for the test. That got them to a testing center in Houston run by a corrupt proctor. It was a very involved scheme.
Don’t know yet. Probably will. She’s a senior. They will probably handle it under student discipline rules. The girl, if she’s smart, won’t talk, because she could incriminate herself, and they will then have to make a decision based on whether they have information that she knew of the scheme (there is some) and whether, even if she didn’t, she should be kicked out based on her parents getting her in fraudulently (I think she should be). It’s too soon to know yet.
You have to present an ID to enter the testing facility. If that dude wasn’t on the list how did he get in?
When I took the SAT and ACT there were roving proctors who actually looked at people and we were put scattered out with 2 seats between us to ensure there was no cheating.
Somewhere on the net there’s a picture of an entrance exam for a chinese college. The kids are sitting in wooden desks on what looks like a parade field (paved) and the desks are like 20ft apart on a square. There are ‘guard towers’ of proctors with binoculars to ensure no cheating like went on here with someone sitting NEXT to the little idiots and GIVING them the answers!
The student buying their way in may have been the only student in the room.
This issue (people taking the test for someone) is a known problem with Chinese students applying to US colleges. Their tests are not trusted.
“The student buying their way in may have been the only student in the room.”
Then the presence of a stranger should have been even MORE obvious. Especially one telling the test taker all the answers.
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