BOSTON: The former chief executive of specialty finance lender Hercules Capital was sentenced on Wednesday to six months in prison for paying US$450,000 to help his daughters gain an unfair edge in the college admissions process.
But US District Judge Nathaniel Gorton said a message needed to be sent to other"over-the-top wealthy" millionaires who think the law does not apply to them. He also ordered the 56-year-old to pay a US$200,000 fine. Henriquez, who stepped down from Hercules Capital after the charges were announced in March 2019, is among 55 people charged with participating in a scheme in which wealthy parents conspired with college admissions consultant William"Rick" Singer to fraudulently secure their children's admission to top schools.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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