Morrie Tobin told authorities that a Yale soccer coach sought a bribe to get one of his children into the school.
It turns out that the individual who told federal authorities about the $25 million college-bribery scam reportedly did so because he was being investigated for securities fraud.
The Securities and Exchange Commission named Morrie Tobin, who attended Yale and has three children who have also studied there, in a recent examination of four people tied to a fraud scheme involving stocks in two drug firms.
As part of the investigation, Tobin "offered a tip to federal authorities in an effort to obtain leniency," according to a story in Friday's Wall Street Journal.
After leading the authorities to then-women's soccer coach Ruby Meredith, who allegedly was seeking a bribe from Tobin to get one of his children into Yale, Tobin met with Meredith while wearing a wire.
Later, investigators uncovered dozens of parents who allegedly worked with a college consultant on fake athletic profiles, ways to cheat on standardized tests and the bribing of coaches at schools like Stanford, Georgetown and the University of Southern California.
