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CEO caught up in college admission scam resigns

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Liberal Democrats, too lazy and stupid to compete 
scholastically.  This is the result of the present day inferior 
California school system, once the envy of the entire free 
world, after 40 years of Democrat control and parasitic 
socialist union infestation.

TAGS: Cheat Lie Bribe Obama Ignorant Liberal Dumb Crime College 
High School Sports USC Coach ACT Democrat LA Times, Washington 
Post, NY Times Elite Hollywood TV Media Twitter youTube Scumbags 
Kiss Your Job Goodbye

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One of the parents arrested for allegedly bribing his kids’ way 
into top colleges in a nationwide admissions scam resigned as 
chairman and CEO of his own finance company Wednesday, according 
to new reports.

Manuel Henriquez, the founder and now-ex-chief of California-
based Hercules Capital, “voluntarily stepped aside” a day after 
he and his wife, Elizabeth, appeared in court on charges of 
conspiracy to commit mail fraud and honest services mail fraud, 
according to Forbes.

The company’s shares plummeted as much as 10 percent when the 
scandal broke Tuesday, and closed down 8.9 percent, Bloomberg 
reports.

Henriquez will “continue as a member of the board and as an 
adviser to the company,” the company said.

The parents are accused of paying more than $400,000 to college 
admissions mastermind William “Rick” Singer to help their two 
daughters cheat on their admissions exams — as well as to bribe 
Georgetown’s then-head tennis coach to have their elder daughter 
named as an athletic recruit.

After Singer arranged for a corrupt proctor to sit “side-by-
side” with the older child during her SATs and feed her the 
answers, the proctor, Elizabeth and the daughter allegedly 
“gloated” about “the fact that they had cheated and gotten away 
with it.”

Manuel Henriquez, an alumnus of Northeastern University and a 
former member of one of its governing bodies, actually got a 
discount on Singer’s services because he allegedly agreed to use 
his clout at the Boston college to help get another applicant 
admitted to that school, according to the criminal complaint.

He emailed a senior development officer at Northeastern, 
describing the kid as an “excellent candidate for the College of 
Social Sciences and Humanities,” then repeatedly followed up 
with officials about his admission, prosecutors allege.

The boy was accepted to the school, and his parents then 
allegedly paid Singer $250,000.

The Henriquezes turned themselves in to authorities Tuesday and 
were each released on $500,000 bond.

Both parents looked stunned as they appeared in court, with 
Henriquez shaking his head and looking at the floor as the judge 
explained the charges against them, according to Bloomberg.

https://nypost.com/2019/03/13/ceo-caught-up-in-college-admission-
scam-resigns/
         

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CEO caught up in college admission scam resigns "Elizabeth Paige Laurie" <cblasey@paloaltou.edu> - 2019-05-30 13:38 +0200

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