Four more parents have agreed to plead guilty in the college admissions scam in which several wealthy parents paid thousands to have their children’s college admissions exam scores inflated and falsely attempted to get the students recruited as athletes.
Manuel Henriquez, the founder and former CEO of Hercules Capital, and his wife, Elizabeth Henriquez; Michelle Janavs; and Douglas Hodge, a former CEO of Pimco, pleaded guilty in attempting to bribe their children’s way to colleges and universities.
The parents wanted to have their children’s admissions scores boosted and in some cases, have them fraudulently recruited as athletes.
The four parents are scheduled to be sentenced next year.
Also to plead guilty is Martin Fox, the former head of a private tennis academy in Texas. Fox agreed to plead guilty to racketeering for being involved in the admissions scheme.