The figure at the center of the U.S. college cheating scandal spoke twice in the...
NEW YORK - The figure at the center of the U.S. college cheating scandal spoke twice in the past decade at events hosted by Pacific Investment Management Co , one of the world’s largest asset managers whose former chief executive is ensnared in the fraud, the company said on Friday.
Singer, who last addressed a Pimco event in 2015, is accused by federal authorities of bribing athletic coaches and arranging for phony test-takers to secure clients’ children spots at elite universities, such as Stanford, Georgetown and Yale. Some 50 people including prominent executives, Hollywood actresses Lori Loughlin and Felicity Huffman, and college sports coaches have been charged in the scheme. Prosecutors say Singer made about $25 million from the scheme.Earlier on Friday, ousted Advantage Lithium Corp Chief Executive David Sidoo became the first of the 33 parents charged in the scam to plead not guilty.
“He looks forward to fully contesting the charges,” Sidoo’s attorneys said in a statement emailed to Reuters by a publicist. “He will be returning to his home in Canada and asks people not rush to judgment.” USC, one of the schools involved through bribes paid to sports coaches, has rescinded admissions offers to six students involved in the scheme. It said it will review what actions to take against current students who took part.
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