Tobin has faced two charges of securities fraud for his role in a pumping and disposal scheme involving the manipulation of shares of two companies he secretly owns. The Securities and Exchange Commission said the stocks of the two companies were artificially inflated for Tobin's own profits.
He told investigators Rudolf Rudy Meredith, female head coach of women at Yale University, has requested a bribe in exchange for Donatey daughter at the Ivy League School, the Wall Street Journal reported.
The coach conspired with Singer to accept bribes in return to identify Yale candidates as recruits for the team, according to a court filing. Meredith could not be reached for comment.
What followed after this initial advice was a lengthy investigation that ended with the arrest of Meredith and other coaches; parents, including actresses Felicity Hayfman and Laurie Lawlin; teeth in the alleged fraud, such as Mark Riddle, accused of taking other tests or determining results; and head of the plot, Singer.