Bribery Scandal Brought to Light by Yale Dad

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A Yale dad being investigated for securities fraud tipped the FBI off about Meredith, the former Yale soccer coach college admissions scam hoping for leniency. He was helped by Meredith for his own daughter but not charged in the recent indictments.

https://www.wsj.com/articles/the-yal...al-11552588402

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Us a link that people don't have to sign up for. Someone beat you to it.

From the Globe today:

https://www.bostonglobe.com/metro/20...kKP/story.html

It's along article but here is the opening.

By Milton J. Valencia and Shelley Murphy Globe Staff March 14, 2019

It started, improbably, with a securities fraud investigation out of Boston, a so-called pump-and-dump stock scam that extended overseas.

FBI agents and federal prosecutors quickly homed in on a financial executive, according to several people familiar with the case, who said he was willing to cooperate with authorities. He also offered investigators a tantalizing tip, one entirely unrelated to stock prices — a Yale University women’s soccer coach had asked him for a bribe to help get his daughter admitted into the elite school.

By April 2018, the executive was wearing a recording device for the FBI when he met with coach Rudolph “Rudy” Meredith in a hotel room in Boston. For a payment of $450,000, Meredith said, he would be willing to designate the executive’s daughter as a recruit for the team, all but guaranteeing her acceptance. Meredith left with a $2,000 down payment, court records say.

With that, a low-profile securities investigation had led authorities to uncovering a massive college admissions scandal, a brazen plot in which wealthy parents allegedly schemed to bribe sports coaches at top colleges to admit their children.

In a matter of months after that meeting in the Boston hotel room, Meredith had resigned from Yale, leaving no hint that he had been implicated in a bribery investigation. More importantly, he began cooperating with authorities, paving the way to Tuesday’s charges against 50 defendants, including celebrities, powerful financiers, and university coaches.

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There are like three other threads on the same topic and this was already posted in one of them yesterday. Geez. What a waste. Try reading next time.