09-29-2021, 02:53 PM
Quote:William “Rick” Singer, the mastermind of the “Varsity Blues” college admissions fraud, personally made nearly $28 million from the scheme, a forensic accountant testified.
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“The vast majority came from parents, approximately $26 million by parents,” George said of the funds that flowed into Singer’s personal accounts.
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Singer spent more than $20 million of his money, some of it in furtherance of the scheme, she said. He paid around $7 million to various university sports foundations as well as school officials, teams and coaches who prosecutors say participated in the fraud. Many of Singer’s clients, including Wilson and Abdelaziz, allegedly paid to have their children falsely designated as athletic recruits.
Personal Investments
Another $6.4 million went to personal business investments and expenditures, George said, though she didn’t say what those were.
https://www.bnnbloomberg.ca/varsity-blue...-1.1659345
Eric
"the older we get the better we were"
