This is going to get real good.
|Actress Lori Loughlin, her husband Mossimo Giannulli and 14 other parents implicated in the college admissions scandal have been indicted on charges of money laundering and fraud conspiracy, federal prosecutors said.
The indictments come one day after 13 other parents and one coach said they would plead guilty in the case, in which the parents are accused of paying a firm to help their children cheat on college entrance exams and to falsify athletic records, enabling the children to secure admission to elite schools.
The ripple effect from this is going to expose a whole shit ton of influence peddling and expose several money trails that is eventually going to rock virtually every major university in the country. As a side effect, look for several college sports teams to come under scrutiny.
Some of these college sports team managers make more money that the governors of the states they play in by a large margin.
If you click the link and go to the article and read it, you will see a statement at the bottom that should put chills down the spines of some people,
A Palo Alto couple, Gregory and Amy Colburn, had been indicted by a federal grand jury last month after balking at an offer from prosecutors. The couple’s lawyers said the deal would have required them to plead guilty to a felony without seeing all the evidence against them.
That indictment was a shot across the bow for the other parents, said Rory Little, a UC Hastings law professor and former federal prosecutor.
Money laundering is an elastic charge that can be stretched to fit most crimes where money changes hands, Little said. In this case, he sees prosecutors wielding it for “plea pressure,” to induce parents to plead guilty and avoid the risk of incurring more prison time.
There must be a little yellow river flowing out of Hollywood right about now.