Financial executive Morrie Tobin described himself as a “SocialEntrepreneur.' Last spring, federal agents raided his home searching for evidence in a stock scam. But Tobin had something else to offer: information about a college admissions scandal.
By the time Tobin crossed paths with Rudy Meredith, the women’s soccer coach at Yale, in the summer of 2017, both men were already well down their own roads of crime.
The group ran a fake promotional campaign to stoke investor interest and then orchestrated the sale of millions of dollars’ worth of Tobin’s shares to look like normal trades on stock exchanges, according to the complaint. Meredith, meanwhile, met Singer in 2015 and joined his illicit network of coaches and college administrators, court filings made by the government in Meredith’s criminal case show. Singer relied on this group for what he told deep-pocketed families was a “side-door” he had built into some of the country’s most sought after universities.
Meredith, who was a successful and respected coach for more than two decades at Yale, is accused of taking at least $860,000 in bribes from Singer between 2015 and last year. Prosecutors have not detailed how many students he sneaked into Yale at Singer’s behest, but at a court hearing Thursday, in which Meredith pleaded guilty to fraud and conspiracy charges, prosecutors said the money was “for multiple students.
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