Netflix’s new hit documentary follows the College Admissions Scandal. The scandal took place in 2019, and involved a lot of very wealthy people, but who’s worth the most now? Here’s our College Admissions Scandal rich list.
In 2019, the US experienced it’s largest case of admissions fraud. Somewhere near 50 people suffered sentences or fines for their involvement. People were imprisoned, placed on house arrest, made to spy, and attacked online because of their parts in the scheme. The scandal led to the leader, a man from Sacramento, Rick Singer, pocket $25 million, all from well-wishing parents trying to get their children into US colleges.
Parents were paying Singer up to a million dollars a go for him to edit, doctor and falsify records, images and exam results. A lot of the parents involved are celebrities, key parts of Silicone Valley, and CEOs of huge companies.
When in court, a lot of those involved were handed hefty fines rather than prison time, but these fines don’t seem to have broken any banks, with many of those involved still living lives of luxury.
Rick Singer – $3.5 million
Over 20 years, Rick is said to have facilitated the entry of students from over 750 families into colleges in the US. He offered ‘side door’ entry to any families who ‘donated’ (bribed) him and the universities.
His net worth is approximately $3.5 million, but he is also facing a $1.25 million fine and the potential of up to 65 years in prison. Currently, there is no hearing date set for him, though.
Jane Buckingham – $40 million
Businesswoman and author, Buckingham has written 4 books (which have since been developed into a TV show), and founded boutique marketing firm Trendera. So it’s no surprise that she has a relatively impressive net worth.
Her involvement with the scheme comes after she was accused of paying $50,000 to cheat on her son’s college entrance exam. She was sentenced to 3 weeks in prison, 1 year supervised release and a $40,000 fine.
Felicity Huffman – $45 million
Adding a new level of meaning to her role as a Desperate Housewive, Felicity Huffman pleaded guilty after being accused of getting her daughter unnecessary extra time in exams and paying $15,000 to have her daughter’s results changed.
Despite this fine and the damage to her reputation, the actress’ net-worth is still a hefty $45 million.
Michelle Janavs – $50 million
Anyone who is familiar with American TV (or, America) will have heard of the food ‘Hot Pockets’. Janavs is the heiress to the company’s fortune. She is a former executive, and, in October 2019 she pled guilty when accused of paying $200,000 to have her daughter get into the University of Southern California as a volleyball recruit. She also paid Singer to alter her other daughter’s entrance exam.
Manuel and Elizabeth Henriquez – $78 million
Manuel is the former founder, chairman and CEO of an investment firm called Hercules Capital. In 2019, he pleaded guilty to paying $450,000 for his daughters to be given the answers to their college entrance exams, as well as to bribe a coach at Georgetown University. He was sentenced to 6 months of prison time, 200 hours of community service and a whopping $200,000 fine.
Elizabeth was the more active participant in the scheme, according to the trial. It’s because of this that Elizabeth also got given 7 months in prison.
Douglas Hodge – $80 million
Former CEO of Pimco, an investment firm, Hodge was involved with Rick’s scheme for the longest out of any of the parents. He paid bribes of $850,000 across a span of over 10 years in order to get 4 children into university. 2 of his children got admitted at Georgetown, and 2 others to the University of Southern California.
Due to Hodge’s deeper involvement, he received a much harsher sentence than any of the other families. He was sentenced to 9 months in prison, 2 years supervised release, 500 hours of community service and a $750,000 fine. It doesn’t seem to have affected his bank balance too harshly though.
Lori Loughlin and Mossimo Giannuli – $88 million
Full House actress Lori and her fashion designer husband Mossimo are potentially the biggest names involved with the scheme. They paid $500,000 in ‘donations’ to get their 2 daughters into USC.
Following the trial, Lori was sentenced to 2 months in prison, 2 years of supervised release, 100 hours of community service and a $150,000 fine. Her husband received a larger sentence of 5 months prison time, 2 years supervised release, a $250,000 fine and 250 hours of community service.
To find out more about one of the biggest fraud cases the United States has ever seen, be sure to watch Operation Varsity Blues: The College Admissions Scandal on Netflix!