Former college admissions program accountant sentenced | USAO-MA
BOSTON – A former accountant with Edge College & Career Network (also known as The Key) and the Key Worldwide Foundation was convicted today in federal court in Boston for his role in the college admissions case. ‘university.
Steven Masera, 72, of Folsom, Calif., was sentenced by U.S. District Court Judge Indira Talwani to time served, three years on probation and was ordered to pay a $20,000 fine. In June 2019, Masera pleaded guilty to conspiracy to commit racketeering.
Beginning in or around 2008, Masera began working as an accountant for William “Rick” Singer. From then until his resignation in or around December 2017, Masera was responsible for handling payments to and from Singer’s for-profit college consulting firm, The Key, and the fake charitable foundation, The Key Worldwide Foundation (KWF). This included parent payments made as part of the athletic recruiting and test-cheating aspects of Singer’s program, as well as back-end payments associated with college insiders and other facilitators. Under Singer’s direction, Masera billed parents for Singer’s illegitimate services, paid bribes to college coaches and administrators of athletic departments (and college athletic funds under their control), and SAT administrators and proctors. / ACT, and created letters of fraudulent donation receipts and fake invoices to allow parents to deduct their payments as alleged gifts or business expenses.
Case information, including the status of each defendant, is available here: https://www.justice.gov/usao-ma/investigations-college-admissions-and-testing-bribery-scheme.
United States Attorney Rachael S. Rollins; Joseph R. Bonavolonta, special agent in charge of the Federal Bureau of Investigation, Boston Division; Joleen D. Simpson, special agent in charge of criminal investigations for the Internal Revenue Service in Boston; and Terry Harris, Special Agent in Charge of the U.S. Department of Education’s Office of Inspector General Eastern Regional Office, made the announcement today. Assistant U.S. Attorneys Stephen E. Frank, Kristen A. Kearney, Ian J. Stearns and Leslie Wright of Rollins’ Securities, Finance and Cyber Fraud Unit prosecuted the case.