In surprising reversal, former Hercules Capital chair to plead guilty in admissions scandal

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In surprising reversal, former Hercules Capital chair to plead guilty in admissions scandal
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Manuel Henriquez is accused of paying nearly half a million dollars to rig college entrance exams for two daughters and have one of them admitted to Georgetown as a fake tennis recruit.

Manuel Henriquez, a financier accused of paying nearly half a million dollars to rig college entrance exams for two daughters and have one of them admitted to Georgetown as a fake tennis recruit, will plead guilty to an indictment charging him with conspiracy to commit fraud and money laundering, federal prosecutors in Boston said Friday.

A federal judge who has sentenced nine of Singer’s former clients has indicated that parents convicted of exploiting both the testing and athletic recruitment scams should expect considerable prison terms.

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