Finance company founder gets six months in prison in U.S. college scandal

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The former chief executive of specialty finance lender Hercules Capital Inc was sentenced on Wednesday to six months in prison for paying $450,000 to help his daughters gain an unfair edge in the college admissions process.

FILE PHOTO: Manuel Henriquez, co-founder of Hercules Capital, arrives at the federal courthouse for a hearing in a nationwide college admissions cheating scheme in Boston, Massachusetts, U.S., October 21, 2019. REUTERS/Brian Snyder

Lawyers for Henriquez, who co-founded Palo Alto, California-based Hercules Capital, sought leniency during a hearing held virtually because of the coronavirus pandemic. He apologized for crimes that had made him “a common thief.” “You have woefully misused your great wealth, and for the commission of this crime, you need to go to jail,” he said.

Singer pleaded guilty last year to facilitating college entrance exam cheating and using bribery to secure students’ admission to colleges as fake athletic recruits.

 

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George Floyd had to die for allegedly using a counterfeit bill. Still wonder why the world hates US capitalism?

There is no other way to look at it, rich kids are dumb, otherwise why would this have been necessary?

there are people who will die in prison for drug possession charges

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