Federal prosecutors charged dozens of people on Tuesday in a college-entrance scandal in which wealthy parents, including some high-profile actresses and a slew of business executives, allegedly paid bribes to get their children into top colleges across the U.S.
The sprawling investigation made waves across the country, as people reacted with shock to news that some of the country's wealthiest citizens were allegedly buying college entrance for their kids and consequently cheating other qualified students out of the running.
Justice Department officials said at a news conference in Boston on Tuesday that it's the biggest college-entrance scandal it has ever prosecuted.
Among those charged with fraud are actresses Felicity Huffman, who starred in ABC's "Desperate Housewives," and Lori Loughlin, who appeared in ABC's "Full House." Huffman's husband, actor William H. Macy, was not charged, although he allegedly spoke to and interacted with the schemers, who later turned witness. Among the dozens charged were several business executives like Douglas Hodge, a former CEO of Pimco investment management company, and Manuel Henriquez, chairman and CEO of Hercules Technology Growth Capital. Hercules' stock price fell more than 9 percent Tuesday afternoon.
The indictment said that in most instances, students and children were unaware of the bribes and fraudulent activity of their parents, such as doctoring exam scores and creating fake resumes and profiles to up their chances of getting into school. Prosecutors did not charge any students or colleges.
Here's some key points to how it all went down: