The figure at the center of the U.S. college cheating scandal spoke twice in the...
David Sidoo -- along with attorneys Richard Schonfeld , David Chesnoff and Martin Weinberg -- speaks outside Boston federal court after pleading not guilty to charges of participating in the largest college admissions fraud scheme in U.S. history in Boston, Massachusetts, U.S. March 15, 2019. REUTERS/Ross Kerber
Some Pimco employees also used William ‘Rick’ Singer’s “legitimate college prep services,” Pimco said in a statement. “Any such relationships with Mr. Singer are entirely the private affairs of individuals. However, Pimco holds its employees to the highest ethical standards, so any employee found to have engaged in fraud or any illegal activity would have no place at the firm,” Pimco said.
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 over eight years by bribing coaches and arranging for phony test-takers to secure clients’ children spots at elite universities including Yale, Georgetown and Stanford.
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