The financial executive who tipped off feds to the massive college admissions scam in exchange for leniency on an unrelated matter was identified in a report Thursday as Morrie Tobin.
Tobin, of Los Angeles, was being eyed by investigators in an alleged pump-and-dump scheme when he offered up a tip that turned into a sweeping probe that resulted Tuesday in 50 people being charged across the country, according to The Wall Street Journal.
In exchange for prosecutors taking it easy on him, Tobin, a Yale grad, told investigators that the head soccer coach at the Ivy had asked him for a bribe to get his daughter into the prestigious school, the report said.
Tobin wore a wire to a meeting with the coach, Rudy Meredith, in a Boston hotel room in 2018, getting Meredith to spell out the arrangement in no uncertain terms, according to the report.
That evidence helped bring down the coast-to-coast cash-for-admissions scam masterminded by California-based college-prep expert William “Rick” Singer.
Tobin was not charged in that case, and is awaiting sentencing after taking a plea deal in his securities fraud case, according to The Journal.
His lawyer declined to comment for that story.