Felicity Huffman, Lori Loughlin Indicted in College Entrance Exam Scandal

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Coaches from Yale, Stanford, Wake Forest and Georgetown universities and USC, among others, are implicated in the case.

They say when you get married, you become one, that you go through the hardships of life together.

Most of the schools are private but accept federal funding and are bound by federal education rules.

Prosecutors said it was up to the universities to decide what to do with students admitted through cheating.

Lori Loughlin has turned herself into the Federal Bureau of Investigation in advance of a court hearing Wednesday.

Loughlin and Giannulli allegedly paid a total of $500,000 so that their two daughters would be designated as recruits to the University of Southern California's crew team, though neither girl participated in the sport.

Four people accused of running the scam, and 13 officials associated with university sports and the testing system were also charged. A source told ABC that Loughlin was in Canada filming a Hallmark Channel Original Movie.

In a college admissions scandal cleverly named, "Operation Varsity Blues", Lori Loughlin, Felicity Huffman and many other wealthy parents were caught forging college acceptances for their teens.

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She appeared Tuesday in federal court in Los Angeles, where a judge set her bond at $250,000 and federal agents took her passport. She will have to appear before a judge again on March 29.

An FBI spokeswoman said that a tactical team was not used to arrest the actress "but all FBI agents are armed and may draw their weapons as a precautionary measure based on the circumstances during the execution of any warrant", she added.

It's reported that she was secretly recorded discussing the scheme with a co-operating witness.

Giannulli was released on a $1 million bond.

Loughlin gained fame for her role as the wholesome Aunt Becky in the 1990s sitcom "Full House".

The largest college admissions fraud scam unearthed in U.S. history was run out of a small college preparation company in Newport Beach, California, that relied on bribes, phoney test takers and even doctored photos depicting non-athletic applicants as elite competitors to land college slots for the offspring of rich parents, prosecutors said.

IMG Academy in Bradenton said late Tuesday that 36-year-old Mark Riddell has been suspended indefinitely.

Much of the indictment revolves around William Rick Singer, the founder of a for-profit college counseling and preparation business known as The Key.

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Riddell didn't return several phone calls seeking comment.

Lockwood College Prep's Andy Lockwood on the fallout from the college admissions scandal.

Manuel Henriquez, who was also the top executive investment giant PIMCO until 2016, will be replaced as CEO and chairman of Hercules Capital in Palo Alto, California.

Shares of the hedge fund plunged 9 percent on word of Henriquez' arrest Tuesday.

Henriquez will still hold a seat on the board and serve as an adviser, Hercules said. Prosecutors said some of them paid millions to get their children into elite schools like USC, Yale and Stanford.

Court documents say Huffman paid $15,000 she disguised as a charitable donation so her daughter could partake in the college entrance cheating scam.

Alongside Loughlin, actress Felicity Huffman is also accused of being involved in the scheme.

Meanwhile, Lori Loughlin is allegedly flying to Los Angeles from Canada to surrender to authorities, where her husband Mossimo Giannulli is already in custody.

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The charging documents, unsealed in Boston federal court, are more than 200 pages long.

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