A private equity firm founder who was one of the first parents to face trial on charges arising out of a vast U.S. college admissions scandal was re-sentenced on Friday to six months' home detention after an appeals court tossed most of his conviction.
John Wilson, the founder of Hyannis Port Capital, was originally sentenced to 15 months in prison before a federal appeals court in Boston in May upended his 2021 fraud convictions for conspiring to pay bribes to secure spots for his children at top universities. His new sentence also includes 250 hours of community service.
That ruling overturned all of his trial convictions except on a tax fraud charge for taking $220,000 in fraudulent tax write-offs in 2014 for a quid pro quo payment he made to secure his son's admission to the University of Southern California. At the center of the scheme was William "Rick" Singer, a California college admissions consultant who in 2019 admitted he facilitated cheating on college entrance exams and funneled money from parents to corrupt university coaches to secure the admission of their children as fake athletic recruits.Fifty people in total pleaded guilty, including the actors Lori Loughlin and Felicity Huffman, who were among Singer's clients.
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