“According to the affidavit, Singer had recorded conversations with Loughlin and Giannulli, telling them that he was under IRS scrutiny. “I just want to give you a heads-up that my foundation is being audited,” Singer — identified as a cooperating witness in the affidavit — allegedly said to Giannulli in one conversation. “They asked me about your 2 payments of $200,000. And, of course, I’m not gonna say anything about your payments going to [crew coach] Donna Heinel at USC to get the girls into USC, through crew.” “Sure,” Giannulli allegedly responded. “So I just want to make sure our stories are the same, and that your $400K was paid to our foundation to help underserved kids.” In a subsequent call with Loughlin, Singer allegedly repeated the information about the IRS. Loughlin allegedly agreed that they would tell the IRS that the money they paid was a charitable donation, and not used to secure Olivia Jade’s spot at USC. “So we just have to say we made a donation to your foundation and that’s it, end of story,” Loughlin allegedly said.”
If this is on tape, she’s going to jail.
Yea Aunt Becky is going to do time. Arrogant witch.
I don’t know. I’m a parent, a guy says, I can get your son into Harvard, but it will cost you $500,000 donation to the Harvard Foundation, that will go thru me.
I say, “will my son get in?”
He says, “Yes. You’ll need to be sure, however, to tell the IRS that this is a charitable donation, which it is, and not to get your son into Harvard.”
I say, “Sounds fine to me. What if I’m audited?”
“I will concur that this was for a charitable donation to the college.”
The above is perfectly legal. HOWEVER....
IF THEY HAVE A RECORDING THAT SAYS THE OPPOSITE, THEN, I AGREE, THEY’RE TAKING A BIG RISK HERE FIGHTING.
As I see it, they have no choice. They could string this out for years.
In the end, there will be a huge fine, probation etc. No jail time, no admission of guilt.
In a year or two it’s business as usual.