Self Help

More wealthy parents could be swept up in widening college admissions scandal – Los Angeles Times

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Prosecutors allege that Singer instructed parents to donate funds to a fake charity he had established as part of the scheme. Most of the parents paid at least $200,000, but some spent up to $6.5 million to guarantee their children admission to top universities, authorities said. The parents were then able to deduct the donation from their income taxes, according to the Internal Revenue Service.

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