Paul L. Caron
Dean



Saturday, January 25, 2020

A Dad Allegedly Paid $220,000 To Bribe His Son's Way Into USC. Then He Claimed The Bribe As A Tax Deduction

BuzzFeed News, A Dad Allegedly Paid $220,000 To Bribe His Son's Way Into USC. Then He Claimed The Bribe As A Tax Deduction, Prosecutors Say.:

A father allegedly paid $220,000 to bribe his son's way into the University of Southern California, prosecutors said, then he listed part of the secret payoff as a tax deduction.

Since March 2019, more than 50 people have been charged in the college admissions scandal that federal prosecutors have dubbed Operation Varsity Blues. According to authorities, wealthy — and in some cases famous — families paid large sums of money to get their children into prestigious colleges across the country, often by embellishing or fabricating their children's sports careers in coordination with college officials.

But on Tuesday, prosecutors filed an additional charge of tax fraud against a Massachusetts investor who allegedly went a step further and claimed an illegal bribe as a tax write-off.

Prosecutors allege John Wilson, 59, paid life coach Rick Singer $220,000 to get his son into the University of Southern California in 2013 by lying about his son's athletic ability. ...

In his 2014 taxes, Wilson claimed a $100,000 payment to Singer's foundation as a charitable contribution, and $120,000 as business consulting fees.

According to the US Attorney's Office, Wilson could be sentenced to up to three years in prison and fined $100,000 if convicted of filing a false tax return.

https://taxprof.typepad.com/taxprof_blog/2020/01/a-dad-allegedly-paid-220000-to-bribe-his-sons-way-into-usc-then-he-claimed-the-bribe-as-a-tax-deduct.html

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Comments

"According to the US Attorney's Office, Wilson could be sentenced to up to three years in prison and fined $100,000 if convicted of filing a false tax return."

Let's make it five years; give him a little more time to learn his lesson.

Posted by: Gerald Scorse | Jan 25, 2020 1:59:51 PM