From AOL News:
In a press conference announcing the fraud charges, officials shed light on the so-called "Operation Varsity Blues," which investigated California businessman William Singer, who ran what they described as "the largest college admissions scam ever prosecuted by the Department of Justice." Officials said that they suspect more are involved in the alleged scheme. Among those indicted in the case include three people who organized the alleged scheme, two administrators, one proctor, one college administrator, nine athletic coaches at elite schools and 33 parents who payed "enormous sums to guarantee their children's admissions to schools" like Yale, Stanford, the University of Southern California and Georgetown.
Singer and the sailing coach at Stanford University are expected to plead guilty later today. Both Loughlin and Huffman are currently in custody.
Parents would allegedly pay Singer to get an SAT or ACT administrator or a college athletic coach from the university of choice to help their children get into the schools. They would reportedly pay him through a bogus charity organization that he set up to funnel the payments through.
More information here.