Monday, October 26, 2020

Former UCLA soccer coach Jorge Salcedo agrees to plea deal in admissions scam

-

Jorge Salcedo, the former head coach of the UCLA men’s soccer team, has agreed to plead guilty to accepting hundreds of thousands of dollars in bribes in connection to a nationwide college admissions scandal, prosecutors said.

The U.S. Attorney’s Office for the District of Massachusetts said in a statement Tuesday Salcedo, 47, will plead guilty to one count of conspiracy to commit racketeering, a charge stemming from his involvement in the “Varsity Blues” scandal.

Salcedo pleaded not guilty to the charge in March 2019.

According to his plea agreement, prosecutors will recommend one year of supervised release, a fine, forfeiture of $200,000 and restitution. Salcedo faces a maximum of 20 years in prison, three years of supervised release and a $250,000 fine.

- Advertisement -

Prosecutors said Salcedo received $200,000 in bribes for agreeing to facilitate the admission of two students to the university as athlete recruits.

According to court documents, Salcedo agreed in 2016 with William “Rick” Singer, former head UCLA women’s soccer coach Ali Khosroshahin and others, to gain admittance to the university for the daughter of Davina and Bruce Isackson in exchange for $100,000.

In 2018, he accepted a $100,000 bribe from Singer to recruit the son of his client, Xiaoning Sui, to the UCLA men’s soccer team although he’d never played competitive soccer, prosecutors said.

Khosroshahin, Davina, Bruce and Sui have all pleaded guilty for their involvement in the scandal that centered around Singer, the former owner of a for-profit college entrance company who pleaded guilty to charges last year that included racketeering, conspiracy, money laundering and obstruction of justice.

- Advertisement -

More than 50 people have been charged in connection to the scandal, including actress Felicity Huffmanwho served 11 days of her 14-day prison sentence for paying $15,000 to artificially inflate her daughter’s college entrance test scores.

MUST READ

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Hong Kong fines Goldman Sachs $350 million over 1MDB scandal

Goldman Sachs ignored multiple red flags over the multibillion-dollar fundraisings it arranged for state fund 1Malaysia Development Berhad, Hong Kong’s financial regulator said on...

Texas attorney general Ken Paxton fires top aide who accused him of bribery

Lacey Mase, one of the top aides who accused Texas Attorney General Ken Paxton of crimes including bribery and abuse of office, has been fired, she told The...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

Advertisement
Advertisement

Latest News

This Week

Australian court approves $920 million Westpac money laundering fine

The Federal Court of Australia has agreed on the deal struck between the Australian Transaction Reports and Analysis Centre (AUSTRAC) and Westpac, ordering the Australian...

Judge opposed dismissal of bribery charge against former Portage mayor Synder

A judge denied Thursday two motions to dismiss a soliciting bribes charge former Portage Mayor James Snyder will be retried on, according to court...

Former Malawi minister sentenced to six years in prison over passport corruption scandal

A court in Malawi’s capital Lilongwe on Thursday sentenced a former home minister to six years in prison after he was found guilty in...

EU takes legal action against Cyprus and Malta over investment for citizenship scheme

The European Union’s executive said on Tuesday it was launching legal action against Cyprus and Malta over their investor citizenship programmes, also known as...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks