October 18, 2019 / 1:37 PM / a month ago

Former Hercules Capital CEO to plead guilty to U.S. college admissions scam

BOSTON, Oct 18 (Reuters) - A former chief executive of specialty finance lender Hercules Capital Inc has agreed to plead guilty to participating in what authorities say is the largest college admissions scam uncovered in the United States, prosecutors said on Friday.

Manuel Henriquez is scheduled to appear in federal court in Boston on Monday to enter the plea after being charged with participating in college entrance exam cheating scheme, according to a court filing. (Reporting by Nate Raymond in Boston; Editing by Alison Williams)

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