Morrie Tobin is the tipster who led the FBI to the college admissions scandal which has rocked the academic world for the past few days, according to a report by The Wall Street Journal.
Per the publication, Tobin was being investigated in a securities fraud case, and offered a tip about a bribe with a Yale coach in an effort to gain leniency in his own case.
Here’s what you need to know:
Tobin Told Authorities the Yale Coach Had Asked for a Bribe in Return for Admitting Tobin’s Daughter
This is the original pump & dump scheme that got Morrie Tobin nabbed, after which he revealed the college bribery scheme.https://t.co/Er7epRvAsA
— Dan Primack (@danprimack) March 14, 2019
Per The Wall Street Journal, Tobin, a Yale alum, told authorities that he had been offered to pay the Yale soccer coach in exchange for getting his daughter into college. The publication confirms that Tobin has not been charged in relation to the scheme, and that his sentencing for the security fraud case will take place in November, 2019.
The publication reports that Tobin agreed to wear a wire to a meeting with Rudy Meredith, former Yale soccer coach, where Meredith reportedly offered to get Tobin’s daughter into college by saying she was a recruit, in exchange for $450,000.
Tobin’s Most Recent Job Was Executive Vice President at Segami Images, Inc; He Attended Yale in 1984
The original tipster who led authorities to the biggest college-admissions scam they’ve ever prosecuted was a Los Angeles resident named Morrie Tobin https://t.co/EMAXDRXeRb
— The Wall Street Journal (@WSJ) March 14, 2019
Tobin most recently worked as the Executive Vice President at a company called Segami Images, Inc., according to Bloomberg. Via the financial site, his full bio reads,
Mr. Morrie Tobin has been Executive Vice-President of Corporate Development at Segami Images, Inc. since October 1999. Mr. Tobin is responsible for corporate development activities at Global and is employed by Global on a full time basis. He was employed by First Marathon Securities as an institutional equity salesperson in Toronto from February 1999 to October 1999. Mr. Tobin spent two-and-a-half years, from June 1996 to December 1998, at Deacon Capital in Toronto also working as an institutional equity salesperson. Prior to working at Deacon Capital Corporation, he was employed with Freedom International of Toronto, Ontario, an inter-dealer bond brokerage house, from October 1995 to June 1996. He has been Director of Segami Images, Inc. since April 30, 2000. Mr. Tobin received a degree in economics and political science from Yale University, New Haven, Connecticut in 1984 and a Bachelor of Arts from the University of Vermont, Burlington, Vermont in 1985.