LA financial executive tipped authorities to college admissions scandal for leniency in fraud case, report says


Morrie Tobin was being questioned in an alleged scheme — in which people conspire to inflate the price of a stock so they can sell it at a profit — when he offered a tip to federal authorities to obtain leniency, The Wall Street Journal reported. (Instagram)
Morrie Tobin was being questioned in an alleged scheme — in which people conspire to inflate the price of a stock so they can sell it at a profit — when he offered a tip to federal authorities to obtain leniency, The Wall Street Journal reported. (Instagram)

A Los Angeles financial executive who was being investigated in a securities fraud case tipped authorities to the wide-ranging college admissions scandal, according to a report.

Morrie Tobin was being questioned in an alleged scheme — in which people conspire to inflate the price of a stock so they…

Sasha Harriet

Sasha Harriet

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