A couple of California who paid $600,000 for getting admission for their children into the proficient universities, al last pleaded guilty and also agreed for the cooperation with the investors who leading to the latest accusations potentially in the wide-ranging college admissions bribery scandal.
62 years old real estate developer, Bruce Isackson and his wife Davina were among dozens of people along with celebrities and industry CEOs – accused in a scam to for gaining entry into the elite American top colleges.
According to the justice department, Bruce Isackson and his wife both pleaded guilty for the “ conspiracy to commit mail fraud and honest services mail fraud”.
In a statement, Bruce Isackson also pleaded guilty “one count of money laundering conspiracy and one count of conspiracy to defraud ”.
The mastermind behind the scam, William “Rick” Singer, who was paid about $25 million dollars according to the authority for bribing coaches and University administrators, has also pleaded guilty cooperating with the authorities.
Being involved with the scam, the parents who were willing to get admissions in the top elite colleges of America for their children illegally paid a firm run by Singer to crack the entrance exams of the college in illicit proceedings or also bribed coaches for making easy for the non-athletic students for getting scholarships. According to the Justice Department, the Isaccksons agreed to pay Singer “ an amount, ultimately totaling $600,000, to participate in the college entrance exam cheating scheme for their younger daughter and the college recruitment scheme for both of their daughters”.
They also underpaid on their federal income taxes by deducting the bribe payments as professed charitable contributions”.
The Isackcons are the first parents out of the totally accused in the scandal for signing a cooperation agreement with the investors, which could assist them to gather sufficient evidence to change others.
Their verdict is scheduled for 31st July.