Tobin faced two charges of security fraud for his role in a pump-and-dump scheme involving the manipulation of two companies he secretly owned. The Securities and Exchange Commission said Tobin's own profit.
Rudolph "Rudy" Meredith, the Head of Women's Soccer Coach at Yale University, said he had a bribe in return for getting his daughter into the Ivy League school, the Wall Street Journal reported.
The coach consecrated to Singer to accept bribes in exchange for designating Yale as recruits for the team, according to a court filing. Meredith could not be for comment.
What follows after that initial tip was a yearlong investigation that culminated with the arrest of Meredith and other coaches; parents, including actresses Felicity Huffman and Lori Loughlin; cogs in the alleged scam, such as Mark Riddell, accused of taking tests for others or fixing scores; and the mastermind of the plot, Singer.
Tobin has not been charged in the college admissions scam case, but the WSJ reports that he is awaiting sentencing in the securities fraud case in which he signed a plea agreement in November.
Singer, who made a statement in which he wrote: "The details of the investigation, first reported by the Wall Street Journal students as recruited athletes and so SAT and ACT test scores.
"I created a side door," Singer said in a federal court on Tuesday as he pleaded guilty to four counts to the multimillion dollars.