The Latest: Hedge fund CEO ensnared in scandal steps down
BOSTON (AP) — In a story March 13 about a college admissions bribery scandal, The Associated Press erroneously described a defendant’s employer. The company where Manuel Henriquez worked is a venture capital firm, not a hedge fund.
A corrected version of the story is below:
The Latest: USC bars from admission students tied to firm
The University of Southern California says it will bar from admission about half a dozen student applicants connected to a firm indicted in a sweeping college admissions scandal
BOSTON (AP) — The Latest on a college admissions bribery scandal that has led to charges against coaches and celebrities (all times local):
The University of Southern California says it will bar from admission about half a dozen student applicants connected to a firm indicted in a sweeping college admissions scandal.
William “Rick” Singer, who owns an admissions consulting firm, is accused of conspiring with wealthy parents to pay bribes to get their children into prestigious schools. He has pleaded guilty.
USC’s interim President Wanda Austin tells the Los Angeles Times that about a half-dozen students affiliated with Singer’s firm will be barred. A USC statement says officials will also conduct a case-by-case review of current students and graduates tied to the allegations.
Austin also says the university has identified at least $1.3 million in donations from those involved in the scheme and that money will be redirected to scholarships for underprivileged students.