Wealthy parents in college admissions scam may face IRS wrath

Wealthy parents ensnared in a massive college admissions scheme may have another worry on the horizon: the IRS.

Two famous actresses and a group of executives are among the 50 people facing charges in a massive cheating conspiracy to help their children get into elite colleges, according to .

The scheme allegedly involved parents paying William “Rick” Singer of Newport Beach, California, so that he could facilitate cheating on the SAT and ACT entrance exams, according to the .

These payments, which ran from $15,000 to $75,000 per test, were allegedly structured as donations to the , a non-profit that Singer established as a charity, according to law enforcement officials.

Parents also allegedly paid Singer a purported $25 million to bribe coaches and college administrators to designate the children as athletic recruits,