Friday, October 23, 2020

Insurance executive Mark Hauser pleads guilty in college admissions scam

-

A California businessman said to have steered “Full House” star Lori Loughlin and her fashion designer husband, J. Mossimo Giannulli, to the ringleader of the college admissions bribery scheme admitted Monday to paying $40,000 to rig his daughter’s ACT score.

Mark Hauser, an insurance and private equity executive who was once head of the board at the high school the famous couple’s daughters attended, became the 29th parent to plead guilty to participating in the scandal involving top universities across the country.

Lawyers for Loughlin and Giannulli said at their sentencing hearings last month that Hauser was the one who recommended they work with the admissions consultant at the center of the scheme.

Hauser had not previously been publicly named in the case. Prosecutors unveiled the charge against Hauser hours after Loughlin and Giannulli’s sentencing hearings ended.

- Advertisement -

Loughlin was ordered to serve two months behind bars for paying $500,000 to get her two daughters into USC as crew recruits even though neither girl was a rower. Giannulli was sentenced to five months. They are supposed to report to prison on Nov. 19.

Hauser, 59, of Los Angeles, paid $40,000 to William “Rick” Singer, a Newport Beach consultant and the scheme’s ringleader, to have someone pose as his daughter’s ACT proctor and secretly correct her answers in 2016, authorities said in court documents. The proctor, Mark Riddell, has also pleaded guilty in the scheme. Riddell got Hauser’s daughter a score of 31 out of 36, prosecutors said.

Assistant U.S. Atty. Eric Rosen said prosecutors believe Hauser’s daughter was unaware of the cheating scheme.

Hauser pleaded guilty to one count of conspiracy to commit mail fraud and honest services mail fraud. Prosecutors have said they will ask for a sentence of six months in prison. He is scheduled to be sentenced in January.

- Advertisement -

Hauser appeared before a Boston federal court judge a via videoconference from California because of the COVID-19 pandemic. He said little aside from answering yes or no questions from the judge about his decision to plead guilty.

An email seeking comment was sent to a lawyer for Hauser after the hearing.

MUST READ

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...

Fundraiser Elliott Broidy pleads guilty in foreign agent case linked to 1MDB

Major Republican Party and Trump fundraiser Elliott Broidy pleaded guilty Tuesday to acting as an unregistered foreign agent, admitting to accepting millions...

Germany issues international arrest warrant for founders of law firm at the centre of Panama Papers

Germany has issued international arrest warrants for the two founders of the firm at the centre of the tax haven scandal exposed by the...
Advertisement
Advertisement

Latest News

This Week

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...

Spain extradites former bank CEO sentenced in Iran for corruption

Spain has extradited a fugitive former Iranian executive implicated in a large financial corruption case, in what Iran’s judiciary says is the first such...

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...

Crown Melbourne casino faces money laundering probe

Crown Resorts is facing a new threat to its casino licences and the prospect of multimillion-dollar fines after it was informed by Austrac, the...
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