National Cheat Sheet: Developers among 50 charged in college admissions scandal, Ben Carson wants to boost affordable housing in Opportunity Zones … & more

therealdeal.com - 03-15

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Real estate developers among 50 charged in college admissions fraud scheme. Fifty people have been charged in a college admissions fraud scheme that allegedly involved parents handing out bribes to secure acceptance letters for their children, including three real estate developers and investors. Miami developer Robert Zangrillo and Los Angeles developers Bruce Isackson of WP Investments and Robert Flaxman of Crown Realty were among the 50 individuals ultimately charged in the scandal. William E. McGlashan Jr., a partner at private equity firm TPG, has also been charged. The scandal marks the Justice department’s largest-ever college admissions investigation. [TRD]