Update 3/12/2019 2:54PM EST: It was also disclosed that Willkie Farr & Gallagher Co-Chairman Gordon R. Caplan has been charged. Caplan, described in the complaint as “an attorney and the co-chairman of an international law firm based in New York”, is reportedly said to have donated $75,000 to the brokering entity in question in order to have SAT test administrators correct his daughter’s answers after she finished it.
Update 3/12/2019 1:46PM EST: The complaint alleges that Ex-Pimco CEO Hodge “agreed to use bribery to facilitate the admission of two of his children to USC as purported athletic recruits” and, according to Bloomberg, he “sought to enlist the support of a cooperating witness to help a third child gain college admission”. Hodge declined to comment to Bloomberg when reached on his mobile phone, reportedly only saying, “I can’t talk right now.”
Update 3/12/2019 1:14PM EST: Ex-Pimco CEO Douglas Hodge was also named among those charged in the scheme. Hercules Capital also fell in intraday trading when it was revealed that its CEO and largest holder Manuel Henriquez was named in the DOJ affidavit.
Federal prosecutors announced that they were charging dozens of people, including famous actresses Felicity Huffman and Lori Loughlin, in an alleged scheme to help students get admitted to colleges under false pretenses on Tuesday. They are being charged with conspiracy to commit mail fraud. 38 people have reportedly been arrested thus far.
Prosecutors are alleging that the individuals charged tried to bribe college entrance exam officials in order to cheat on admissions tests and that some conspired to bribe coaches and administrators to label their children as “recruited athletes”. Athletes can sometimes get preferential treatment.
I am completely confused by this. Why is this kind of bullshit even necessary? Hasn’t it always been a time-honored tradition that rich people wrote fat checks to schools to admit their other-wise unworthy kids? That famous young people got into Ivy schools because they were famous? Does anyone really care? I mean, really? WTF?
Lori and her husband broke laws to get their girls into USC? Does anyone think USC is a great school? Again, WTF?
P.S. Damn, I really wanted to bang Lori Loughlin back in her prime days. What a cutie she was, and she’s held up real well from what it looks like. She got some hot daughters too.
Lefty looks like a real bitch, but I’d still do her. Righty is pretty, but doesn’t have her mother’s charms from when she was young.
Steve Sailer is also puzzled by this nonsemse:
It is bizarre that parents are paying hundreds of thousands of dollars to get their kids admitted at mid-range colleges as athletes in sports they don’t play. I mean, I could imagine some super competitive sideline dad whose kid is pretty good at a sport bribing a coach to admit his kid so he can brag to his brother-in-law that you didn’t think it would pay off, but now my boy is USC’s pole vaulter.
That could be a pretty funny 1970s-1980s sports movie: a grizzled old college coach decides he needs a nest egg to retire, so for his last season he recruits the worst rich kids whose sidelines dads will pay him huge amounts of money to get their sons on the field. In fact, I’m surprised that movie wasn’t made a generation ago.
But, back to the subject at hand, I haven’t seen anything else about affirmative action fraud, which is an awfully interesting subject, going back to Soul Man a third a century ago. I imagine you could make a lot of money off parents just by acting like you know what you are talking about, since nobody else seems to have any credible information on the subject (I’ve looked).
This notion of bribing coaches to use their pull with the Admissions committee to get some kid admitted who doesn’t even play the sport seems both brilliant and way too triple-banshotty. Why not bribe somebody on the Admissions committee itself? As far as I can tell from reading books on the subject, staffers usually get to let in some underqualified kid who reminds them of themselves. (As Richard Armour said, the Admissions committee is in charge of admitting the college’s mistakes.)
I think he meant “triple-bankshotty”.