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University of Southern California. Photo: Allen J. Schaben/Los Angeles Times/Getty Images

U.S. District Judge Indira Talwani on Tuesday sentenced businessman Devin Sloane to 4 months in prison in what federal authorities have called the largest college admissions scam ever prosecuted by the Justice Department, according to USA Today.

The big picture: Sloane's sentencing also includes 500 hours of community service over 2 years, a fine of $95,000 and 2 years of supervised probation. He is now the 2nd parent to be sentenced of 35 charged in the scheme, led by consultant William Singer, which involved correcting admissions test scores, falsifying student achievements and disabilities and bribing college coaches and administrators at prominent universities.

Context: Sloane, the founder and CEO of a water treatment company in Los Angeles, pleaded guilty in May to conspiracy to commit mail fraud and honest services mail fraud.

  • Prosecutors said Sloane knowingly gave $250,000 to Singer's fraudulent nonprofit, the Key Worldwide Foundation, to bribe Donna Heinel, a former senior associate athletic director at the University of Southern California, and help enroll Sloane's son as a water polo recruit.
  • Sloane said he misrepresented his son as a talented athlete by taking photos of him in the family's pool and hiring a graphic designer to alter the images so it appeared his son was playing in matches.
  • Talwani sentenced Huffman earlier this month to 14 days in prison, a $30,000 fine, a year of probation and 250 hours of community service for conspiracy to commit mail fraud and honest services mail fraud after she paid Singer $15,000 to have her daughter's SAT score secretly corrected.

What's next: Talwani is expected to sentence former Cydcor executive Stephen Semprevivo on Tuesday, who pleaded guilty to paying Singer $400,000 to help admit his son into Georgetown University as a tennis player.

Go deeper: The major developments in the college admissions scandal

Go deeper

35 mins ago - Sports

China pulls Celtics games after Enes Kanter criticizes Xi Jinping

Celtics center Enes Kanter. Photo: Jim Michaud/MediaNews Group/Boston Herald via Getty Images

China will no longer stream Boston Celtics games after center Enes Kanter called Chinese President Xi Jinping a "brutal dictator" in a social media post over the Chinese government's repressive policies in Tibet, according to the New York Times.

Why it matters: Kanter's criticism of Beijing has sparked another round of trouble for the NBA in China, one of its largest and most restrictive markets.

Dan Primack, author of Pro Rata
1 hour ago - Politics & Policy

Trump's new venture could be peak SPAC

Illustration: Sarah Grillo/Axios

Former President Trump last night announced plans to launch a digital media network called "Truth Social," and said it would go public via a SPAC called Digital World Acquisition (Nasdaq: DWAC).

What to know: So far, this is a joke. The press release didn't contain even basic information, such as the new company's CEO. In fact, the only execs mentioned are Trump (as chairman) and veteran TV producer Scott St. John as head of a subscription streaming service.

Ben Geman, author of Generate
2 hours ago - Economy & Business

Tesla is outrunning the supply chain crunch

Expand chart
Data: FactSet and company release; Chart: Will Chase/Axios

Tesla, citing a "structural shift" in demand for electric vehicles, reported its highest-ever quarterly profit of $1.6 billion and $13.8 billion in revenues despite supply chain problems.

The big picture: The company's third-quarter report says the chip shortage, port congestion and other woes have affected its factories but argues that "flexibility" and "ingenuity" are a counterweight.