Lori Loughlin, Felicity Huffman and more Indicted in Scam

[Big DSR Energy]

Mar 13, 2019 15:16:29 GMT -5 Lupin the Third said:

So apparently, the nickname for the investigation was "Operation Varsity Blues."

I was like, "Really? Of all the movies to reference, you chose THAT?"

Operation Billy Madison would've made more sense, considering he was an idiot whose rich father paid his way through school.

I wonder if Lori Loughlin's kids think rock is spelled "R-O-K"?

[The Tim Duncan Experience]

Mar 13, 2019 16:21:42 GMT -5 Kevin Hamilton said:

Becky with the good cell.

Lol they'll probably just put her up in the Attic of the Full House her and Jesse were living in

[Kevin Hamilton]

Mar 14, 2019 8:19:16 GMT -5 The Tim Duncan Experience said:

Mar 13, 2019 16:21:42 GMT -5 Kevin Hamilton said:

Becky with the good cell.

Lol they'll probably just put her up in the Attic of the Full House her and Jesse were living in

In all honesty, she's a rich white lady. She ain't doin time. Might have to listen to Rush Hour Renegades for a few weeks. haha.

[SHAKEMASTER TV9 is Don Knotts]

Mar 14, 2019 9:05:28 GMT -5 Kevin Hamilton said:

Mar 14, 2019 8:19:16 GMT -5 The Tim Duncan Experience said:

Lol they'll probably just put her up in the Attic of the Full House her and Jesse were living in

In all honesty, she's a rich white lady. She ain't doin time. Might have to listen to Rush Hour Renegades for a few weeks. haha.

She'll have to watch Joey's stand up routine non-stop for 2 weeks straight.

[Kevin Hamilton]

Mar 14, 2019 12:05:24 GMT -5 SHAKEMASTER TV9 is Don Knotts said:

Mar 14, 2019 9:05:28 GMT -5 Kevin Hamilton said:

In all honesty, she's a rich white lady. She ain't doin time. Might have to listen to Rush Hour Renegades for a few weeks. haha.

She'll have to watch Joey's stand up routine non-stop for 2 weeks straight.

*shitty Popeye impression*

[Stone Coke Miami Watson 🥃]

www.marketwatch.com/story/taxpayers-may-have-paid-10-million-to-help-wealthy-families-bribe-their-way-into-elite-schools-2019-03-14

One of the more stunning aspects of the college admissions scandal unearthed this week is that the alleged bribes to secure spots at elite schools for children of wealth were tax deductible. That means American taxpayers may have helped foot the bill for the alleged scam.

“That’s why we should care about this, other than the schadenfreude of rich people getting their due,” said Sam Brunson, a tax-law professor at Loyola University Chicago.

In a worst-case scenario, if all $25 million that the accused parents allegedly paid out was funneled through a public charity and claimed as tax deductions, as prosecutors outlined in a criminal complaint, then taxpayers chipped in as much as $10 million, said Phil Hackney, a tax-law professor at the University of Pittsburgh.

“Assuming these are all high-income individuals, they’re all paying at the highest tax rate, which presumably was about 40%, roughly,” Hackney told MarketWatch. “Assuming they were able to deduct the entirety of it, that would be 40% of the $25 million. That’s somewhere in the neighborhood of $7 [million] to $10 million, approximately, that taxpayers are footing the bill for, and that’s troubling.”

Hackney’s figures did not take into account any state-income-tax savings.

Federal prosecutors say that the parents who were arrested funneled the money to pay off coaches, exam proctors and test takers who stood in for their children through a public charity approved by the Internal Revenue Service as tax-exempt.

The wealthy parents include actresses Felicity Huffman and Lori Loughlin and financial titans Bill McGlashan of TPG Growth, a private-equity and venture-capital firm, and former Pimco (PTTRX) CEO Doug Hodge. They allegedly paid college counselor William “Rick” Singer to secure their children spots at elite schools. They made the payments in the form of donations to the Key Worldwide Foundation, a nonprofit that Singer started in 2014 in Newport Beach, Calif., according to a criminal complaint.

Dammit....😡

[Ben Wyatt]

Mar 14, 2019 12:34:42 GMT -5 Kevin Hamilton said:

Mar 14, 2019 12:05:24 GMT -5 SHAKEMASTER TV9 is Don Knotts said:

She'll have to watch Joey's stand up routine non-stop for 2 weeks straight.

*shitty Popeye impression*

*followed by unfunny Bob Hope impression that was dated even back then, and of course, shitty Mr Woodchuck routine*

[Confused Mark Wahlberg]

I'm waiting for the little girl from 'Small Wonder' to be charged with being a drug mule

[YAKMAN is ICHIBAN]

Mar 14, 2019 13:53:13 GMT -5 Stone Coke Miami Watson 🥃 said:

www.marketwatch.com/story/taxpayers-may-have-paid-10-million-to-help-wealthy-families-bribe-their-way-into-elite-schools-2019-03-14

One of the more stunning aspects of the college admissions scandal unearthed this week is that the alleged bribes to secure spots at elite schools for children of wealth were tax deductible. That means American taxpayers may have helped foot the bill for the alleged scam.

“That’s why we should care about this, other than the schadenfreude of rich people getting their due,” said Sam Brunson, a tax-law professor at Loyola University Chicago.

In a worst-case scenario, if all $25 million that the accused parents allegedly paid out was funneled through a public charity and claimed as tax deductions, as prosecutors outlined in a criminal complaint, then taxpayers chipped in as much as $10 million, said Phil Hackney, a tax-law professor at the University of Pittsburgh.

“Assuming these are all high-income individuals, they’re all paying at the highest tax rate, which presumably was about 40%, roughly,” Hackney told MarketWatch. “Assuming they were able to deduct the entirety of it, that would be 40% of the $25 million. That’s somewhere in the neighborhood of $7 [million] to $10 million, approximately, that taxpayers are footing the bill for, and that’s troubling.”

Hackney’s figures did not take into account any state-income-tax savings.

Federal prosecutors say that the parents who were arrested funneled the money to pay off coaches, exam proctors and test takers who stood in for their children through a public charity approved by the Internal Revenue Service as tax-exempt.

The wealthy parents include actresses Felicity Huffman and Lori Loughlin and financial titans Bill McGlashan of TPG Growth, a private-equity and venture-capital firm, and former Pimco (PTTRX) CEO Doug Hodge. They allegedly paid college counselor William “Rick” Singer to secure their children spots at elite schools. They made the payments in the form of donations to the Key Worldwide Foundation, a nonprofit that Singer started in 2014 in Newport Beach, Calif., according to a criminal complaint.

Dammit....😡

A complete non-sequitur but I once saw this





And anytime I read schadenfreude I just hear scooten-froody in my head.

[The Captain]

Looks like Sephora cut ties with Loughlin's daughter.

[Hit Girl]

Becky's daughter should earn an honest living through hard work.

Like the Olsen twins.

[cosmo]

[Hit Girl]

Hallmark Channel have severed ties with Becky.

[Shark]

I love that we're just calling her Becky instead of using her real name.

[Kevin Hamilton]

Mar 13, 2019 20:49:53 GMT -5 Big DSR Energy said:

Mar 13, 2019 15:16:29 GMT -5 Lupin the Third said:

So apparently, the nickname for the investigation was "Operation Varsity Blues."

I was like, "Really? Of all the movies to reference, you chose THAT?"

Operation Billy Madison would've made more sense, considering he was an idiot whose rich father paid his way through school.

I wonder if Lori Loughlin's kids think rock is spelled "R-O-K"?

Rirruto?

["Magic" Mark Hurr]

Mar 14, 2019 17:03:57 GMT -5 Hit Girl said:

Hallmark Channel have severed ties with Becky.

I don't know how, but the Hallmark Channel and Matress Firm have to be connected. With the amount of identical movies they make and the tons of Matress Firm stores, there is definitely something illegal going on.

[edgestar]

Mar 14, 2019 12:05:24 GMT -5 SHAKEMASTER TV9 is Don Knotts said:

Mar 14, 2019 9:05:28 GMT -5 Kevin Hamilton said:

In all honesty, she's a rich white lady. She ain't doin time. Might have to listen to Rush Hour Renegades for a few weeks. haha.

She'll have to watch Joey's stand up routine non-stop for 2 weeks straight.

Throwing the book at her, I see? Lol

[BlackoutCreature]

Mar 14, 2019 18:02:29 GMT -5 Shark said:

I love that we're just calling her Becky instead of using her real name.

You're right, we should be respectful about this. It's AUNT Becky.

[Deleted]

I have nothing to add except the Full House memes are amazing.

[King Boo]

Mar 14, 2019 14:17:24 GMT -5 Confused Mark Wahlberg said:

I'm waiting for the little girl from 'Small Wonder' to be charged with being a drug mule

Fun fact: Candace Cameron auditioned for the role of Vicki.

Now the reference has come Full House Circle.