Former Florida Prep School Administrator Pleads Guilty in College Admissions Scam

(BOSTON) — A former Florida prep school administrator pleaded guilty Friday to taking college entrance exams for students in exchange for cash to help wealthy parents get their kids into elite universities across the country.

Mark Riddell admitted to secretly taking the SAT and ACT for students, or correcting their answers, as part of a nationwide college admissions cheating scheme, which has ensnared celebrities, business executives and athletic coaches at sought-after schools such as Stanford and Yale.

Riddell, who has been cooperating with authorities since February in the hopes of getting a lesser sentence, pleaded guilty to fraud and money laundering conspiracy charges.

The 36-year-old, wearing a dark suit and glasses, looked straight ahead and showed no emotion as assistant U.S. Attorney Eric Rosen explained that prosecutors will seek a sentence at the low end of the guidelines, which call for 33 to 41 months in prison. Riddell’s lawyer declined comment.

Source: Time

Leave a Reply

%d bloggers like this:
A DAILY ROUNDUP OF THE MOST FASCINATING WALL ST, COMPLIANCE AND REGULATORY NEWS.