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Private Equity Executive Pleads Guilty in US College Admissions Scandal

Reuters

   BOSTON - An insurance and private equity executive pleaded guilty
   Monday to participating in a vast U.S. college admissions fraud and
   bribery scheme in which he agreed to pay $40,000 to rig his daughter's
   ACT college entrance exam.

   Mark Hauser, 59, entered his plea during a hearing before a federal
   judge in Boston held virtually because of the COVID-19 pandemic,
   becoming the latest wealthy parent to admit wrongdoing in the college
   admissions scandal.

   As part of a plea deal, prosecutors agreed to recommend that Hauser,
   who lives in Los Angeles, serve six months in prison and pay a $40,000
   fine. He faces sentencing on Jan. 21.

   Fifty-eight people have been charged in the "Varsity Blues" scandal, in
   which prosecutors said parents conspired with California college
   admissions consultant William "Rick" Singer to secure their children's
   college admissions fraudulently.

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