11/5/24, 12:30 PM
L.A. dad whose tip exposed college admissions scam sentenced - Los Angeles Times
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CALIFORNIA
L.A. father whose tip exposed Singer’s college admissions scandal gets one year in prison By Matthew Ormseth Staff Writer Aug. 12, 2020 1:07 PM PT
Morrie Tobin, the Los Angeles financier who tipped federal authorities in Boston to William “Rick” Singer’s college admissions scam, was sentenced Wednesday to a year and a day in prison for selling stock at fraudulently inflated prices to unwitting investors, robbing them of millions. U.S. District Judge Nathaniel M. Gorton acknowledged Tobin’s “extraordinary” cooperation in helping unravel both his own securities fraud and “the infamous college admissions case,” but he said he could not allow a felon who has admitted trying to fleece investors of $15 million to avoid prison. “Your motive was pure and simple greed,” Gorton told him. He ordered Tobin, 57, to report to prison by Sept. 23. Before he was sentenced, Tobin told the judge he was “extremely, sincerely sorry and ashamed” of his crimes and said he had since tried “to do everything possible to make amends.” In March 2018, after federal agents searched his mansion in Hancock Park, Tobin flew to Boston to meet with the prosecutors and FBI agents who had unraveled his stock scam. During a “multiday proffer,” a prosecutor said in court, he told them about another fraud entirely: Tobin was bribing a Yale soccer coach to endorse his daughter’s admission to the Ivy League school. https://www.latimes.com/california/story/2020-08-12/college-admissions-scandal-morrie-tobin-sentenced
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