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College Scandal Mastermind Says He Worked with Wealth Firms

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Morgan Stanley and UBS are among the firms that the mastermind of the college admissions scandal used to source wealthy clients, according to his firm’s website and social network postings.

William “Rick” Singer, who pled guilty on Tuesday to receiving about $25 million to help children of the very rich get admitted to colleges through bribes and test-cheating, said his “life coaching and college counseling” firm’s core business, The Key, hooked up with wealth management firms to find prospects.