Businessman pleads guilty in admissions scheme

Actor Felicity Huffman arrives at the federal courthouse in Boston

Businessman pleads guilty in admissions scheme

Actress Felicity Huffman was also scheduled to plead guilty Monday.

Huffman pleaded guilty to one charge of conspiracy to commit mail fraud and honest services fraud.

Huffman was accompanied to court Monday by her brother, Moore Huffman Jr. According to an indictment, Loughlin and her husband, Mossimo Giannulli, paid Singer $500,000 to establish false athletic profiles for their two daughters. Huffman paid $15,000 to a bogus charity set up by a man, William Rick Singer, who arranged to have her daughter's SAT score gamed by getting her extra time for her to take the test as well as having someone correct her answers after the fact.

The star had previously released a statement taking responsibility for her actions and admitting guilt while showing at least some level of remorse, so it's possible a judge may acknowledge that as appropriately remorseful and lighten her sentence, especially after her guilty plea today.

Huffman and Sloane are among 14 parents who agreed to plead guilty in the biggest admissions scandal ever prosecuted in the USA, known as "Operation Varsity Blues".

The Emmy-award winning actress was accused of paying $15,000 to have a proctor correct the answers on daughter's SAT exam.

Sources previously said to Us Weekly that Lori and her lawyers believe that when the public gets all of the information, they won't have the same negative view of her as they once did.

After formally entering her plea for the felony charge, prosecutors recommended a sentence of four months prison time for Huffman, as well as a $20,000 fine and 12 months of supervised release. Seventeen other parents, including Loughlin, have made a decision to fight the charges and formally submitted not guilty pleas. Wealthy parents paid a total of $25 million to bribe coaches to help their children gain spots at universities like Yale, Georgetown and the University of Southern California (USC).

In her statement, the actress admitted to pain and shame, as well as the fact she dragged her daughter, who supposedly didn't know about her actions, down with her.

Singer has pleaded guilty to charges including racketeering conspiracy. A limited series featuring Huffman on the Central Park Five case is expected to debut this month. He began working with authorities previous year and secretly recorded his conversations with actress Lori Loughlin, Huffman and other parents in the hopes of getting a lenient sentence.

Boston Bruins: Team has permanent real estate in Dougie Hamilton’s brain
At least 3 dead after sightseeing planes collide in Alaska