Morrie Tobin
Posted on 03/16/2019 5:03:18 PM PDT by Liz
With his back to the wall in an alleged pump-and-dump scheme, LA financier Morrie Tobin offered a tip that would turn into the biggest college-admissions fraud ever prosecuted, then wore a wire to help bring down the cheats. In a bid for mercy, the Yale grad told investigators that Rudolph “Rudy” Meredith, the head women’s soccer coach at the Ivy League school, solicited $450,000 from him in exchange for recommending Tobin’s daughter for admission as an athletic recruit, a source told the Journal.
Tobin agreed to wear a wire during a meeting in a Boston hotel room with Meredith — who then also began cooperating. That, in turn, led the feds to admitted mastermind William “Rick” Singer, a California college-prep expert who raked in more than $25 million from wealthy parents to get their underqualified kids into top schools, including Yale, Wake Forest, Georgetown and Stanford.
Through a 10-month investigation dubbed Operation Varsity Blues, investigators learned the scam dated back to 2011 and involved dozens of allegedly crooked ACT and SAT proctors, college athletic coaches and parents. “Fuller House” actress Lori Loughlin, her fashion-designer husband, Mossimo Giannulli, and former “Desperate Housewives” star Felicity Huffman were among the indicted.
Tobin, who was not charged in Operation Varsity Blues, is awaiting sentencing after taking a plea deal in the financial-fraud case. An FBI spokeswoman from the Boston field office said the overall securities-fraud investigation is still ongoing.
Singer for years ran Edge College & Career Network of Newport Beach, Calif. The feds say he secretly had his well-heeled clients funnel money into a sham charity so he could pay off his cohorts to weasel their kids into school.
USC said it would conduct a case-by-case review for any current students and graduates who may be connected to the alleged scheme.
(Excerpt) Read more at nypost.com ...
Morrie Tobin
It has got to have tenticals to politicians. Especially democrat.
Holy Celebrity Airhead, Batman! $450K is more than the 4-year tuition to those schools!
You would think so, but maybe not. Democrat politicians' kids may get in on the basis of future influence. They may not have to fork over any coin.
I know, who am I kidding.
And he looks like a rat too. How fitting.
What a bunch of squids.
Hey, if your kid is dumber than a brick and the prospect of them never leaving home .... 450K seems like a bargain to get them out of the house for 6 years (undergraduate) and the possibility of them getting married or joining a commune, etc.
BOL-——good one.
Is that the same Morrie Tobin who’s been in hot water with the SEC?
Apparently.
“Let’s make a deal”.
You can see from this how the IRS is going to have a field day with the people who claimed deductions on heir taxes for school donation,, and the coaches and others who pocketed the money and didn't claim it as income - Tom
With all the penalties it should pay for the wall...........that would piss off the hollywierd elite
Isn’t Mossimo the Target brand?
Hard to tell the effect, with an “e.”
I couldn’t care less, but revel in hoping that his embarrassment never ends!
Sleazebags are rampant, and they are among us, as we speak....
I would rather hire an honest dope than have a sleaze in my employ.
“The biggest college-admissions fraud ever prosecuted...” Stupid thing to say. Biggest? Yeah right. Ever? Yeah, right. As if this USC problem is unique. A lady paid $500,000 to get her kid into USC. Happens at major colleges every year. So common that we don’t hear about it unless President Trump is closing the Mueller investigation.
Yes it is. I love their tee shirts.
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