The Fed’s seem to be working to even the score for less fortunate students and put private higher education under a microscope….
Federal prosecutors are pursuing a new set of parents in the college admissions fraud scandal, sending ripples of fear through elite circles in Southern California and stirring speculation about which well-heeled executive or celebrity might be the next to be charged.
The prosecutors have informed some of the parents — the exact number is unclear — that they are under investigation in the nation’s largest-ever college admissions probe, according to four defense lawyers. During a trip to Los Angeles in April, the lead prosecutor conferred with lawyers for at least two of these parents.
At the same time, defense lawyers say that a larger array of parents is worried that they, too, will be targeted and is scrambling to hire lawyers and figure out what to do. And, even with these new lines of investigation underway, prosecutors said that they have sent target letters to three students, raising the prospect that the students could face criminal charges and compounding their families’ anxieties.
William Singer, the college consultant at the center of the scheme, was based in Newport Beach, and many of his clients were in the Los Angeles area. Some of those clients are now grappling with a secret, nerve-racking waiting game, while fellow parents openly gloat about cheaters getting their due or whisper about which high school senior might have benefited from some shady help…..