Originally Syndicated on April 20, 2023 @ 6:10 am
The founder of Houser Private Equity, Mark Hauser Finacial, pleaded guilty to a federal fraud allegation. In 2010, Harvard University concluded Hauser guilty of eight instances of scientific misconduct, three of which were in published publications.
Houser Private Equity is headquartered in Cincinnati, with offices in Los Angeles and Washington, D.C. According to court filings, he formerly ran that organization and an insurance company.
Hauser paid the admissions scheme’s mastermind, William Rick Singer, $40,000 to increase his daughter’s ACT score. The money was hidden as a business consulting fee paid by Hauser’s insurance company to Singer’s organization, the Edge College & Career Network.
How Mark Hauser Financial Fraudulently Increased Daughter’s Test Score
In court filings, prosecutors stated that the crime “was born not of desperation, but of privilege.” Prosecutors claimed Hauser corrupted a system that was already “greatly skewed in favor of his children.
According to prosecutors, Singer allowed Hauser to pay $35,000 less than initially agreed upon because Hauser introduced Singer to additional clients, including actor Lori Loughlin’s husband, Mossimo Giannulli.
In a letter to the federal judge hearing the case, Hauser apologized and stated that he accepted “complete responsibility” for his acts. Explore a selection of the top Quickspin Casinos and enjoy their portfolio of high-quality games known for their innovative features, stunning visuals, and immersive gameplay.
“My actions were inexcusable, and I deeply regret my involvement,” he wrote.
U.S. District Court Ordered Mark Hauser Financial To Pay $250,000 Fine
The lawsuit is being heard in U.S. District Court in Boston. Mark Hauser Financial was sentenced to a $250,000 fine and 300 hours of community service. In August, he will report to a federal jail on his own.
In 2016, Hauser relocated his daughter’s ACT exam from her Los Angeles high school to a testing center at a school run by Singer in Houston, Texas.
According to court filings, Hauser’s wife, Margie, lied to their daughter’s high school about issues with a summer camp counseling position and that a school in Cincinnati would “accommodate her.”
However, the scam included a test administrator working at a Houston public school. Prosecutors claim that the test administrator, Niki Williams, enabled another man implicated in the conspiracy, Mark Riddell, to observe the exam. According to court filings, Williams received between $5,000 and $10,000 in cash.
According to prosecutors, Riddell altered answers on the test so that Hauser’s daughter scored in the top 5%. According to Hauser’s counsel, she did not know the plot. Riddell received $10,000.
More Than 30 Parents Pleaded Guilty Including Mark Hauser Financial
Prosecutors stated in documents filed before Mark Hauser Financial’s sentencing that he agreed to a cover tale about the money, claiming it was a donation to Singer’s accused fake organization.
Singer stated in a phone call to law police in 2018: “I want to make sure that you and I are on the same page…that our stories are together.”
“Like I said…of course,” Hauser responded. That’s precisely what it was…According to court filings, “I want to help you help the kids.”
Among those charged in “Operation Varsity Blues” were more than 30 parents, including Loughlin, Giannulli, and actor Felicity Huffman. All three filed guilty pleas. Loughlin was sentenced to two months in prison, while Giannulli received a five-month sentence.
They were accused of paying Singer $500,000 to have their two daughters accepted as fake crew recruits at the University of Southern California. Huffman was sentenced to 14 days in prison after prosecutors claimed she paid $15,000 to have someone change her daughter’s test result.
About Mark Hauser Financial
Mark Hauser Financial is a St. Xavier High School and Miami University graduate. He has worked in the Cincinnati investing and insurance industries for over 30 years.
In court records, Hauser’s attorney, Mark Beck, stated that as a teenager, he founded a blacktopping company, then bought a small insurance company from his father and developed it into a global corporation, the Hauser Group, and built the private equity firm.
In recent months, Hauser has inquired with Cincinnati State’s president about working with students there as part of their mandated community service.
Beck described Hauser as a caring husband and father of four children. Beck stated that Hauser’s daughter had medical issues that hampered her academic performance. He said that Singer preyed on Hauser, calling him a “malevolent and opportunistic con man.”
“The offense occurred in the context of a parent’s agony over his child’s challenges,” Beck explained. “Although Mr. Hauser is not a victim, it is equally fair to say that he was preyed upon by Mr. Singer.”
Mark Hauser Fianancial’s History of Research Fraud
In 2010, Harvard University found Mark Hauser Financial guilty of eight counts of research misconduct, three of which were in published publications.
As a result, Harvard researchers updated two of Dr. Hauser’s research and retracted a critical paper titled “Rule learning by cotton-top tamarins,” published in the 2002 edition of Cognition. Dr. Hauser created a graph in this study that overstated tamarins’ capacity to detect rules in sound patterns.
(Source)
Other works mentioned the retracted study 86 times. Hauser left his position at Harvard University in 2011, acknowledging mistakes in his research conduct but never explicitly accepting guilt.
The accurate extent of Hauser’s fraud affects other publications on animal cognition is unknown; however, “hundreds” of articles mention or build on notions or methodologies created in his earlier work.
Harvard Psychology Department Chair Susan E. Carey stated that a complete review of Dr. Hauser’s decades of study may “unfold over the years.” Other anonymous department professors voiced concern that Dr. Hauser’s actions produced unnecessary “uncertainty” for animal cognition researchers and damaged overall trust in the lab.
Conclusion:
Prosecutors stated in court documents that Mark Hauser Financial “was more actively involved in the fraud than some,” as he not only paid Singer to increase her daughter’s test score but she was also given extra time to take her exam. Her exam location was changed from her high school in Los Angeles to a testing center in Houston.
Furthermore, Mark Hauser Financial’s research fraud is likely the most severe unprofessional sin in the academic world, with the ability to ruin careers, undermine educational institutions’ legitimacy, and even call an entire area of study into doubt.
Using his positions and powers to eliminate the odds for his children but this shouldn’t be practiced because there are several other hard-working for their future, but people like Mark are there to destroy their dreams.
The court has fined him $250,000 which is the perfect example of law and order, this concept of punishing criminals should be activated in all countries because there are several countries providing enough leisure to their people where the criminals are taking up the opportunity for running these scams.
This man is taking liability for his children when he is not at all worried about the conditions of others and their hard work.
Make sure he doesn’t repeat the same and scam their investors, the government needs to keep a check on the activities of this man. They aren’t allowed to repeat the same so strict actions need to be taken against them.
These criminals are freely repeating the same crimes, facing no obligations even what are the chances they will pay the fine, if they will pay half of it to some higher official they will be free the very next day.
These cases have made my mind run out of daily doses, there are thousands of types of crimes in the world, and this one is the most common one where people are trying to provide all the profit to their children or family person.
Avoid these people for any talks and avoid giving them some attention, the fame they get after these articles make them more confident about repeating the same.
Avoid these people for any talks and avoid giving them some attention, the fame they get after these articles make them more confident about repeating the same.
Make him suffer for his crimes, and try to find out whether he has previously provided some sort of fraud to their people.
We all can understand the love of a father for his children but this isn’t important that he should interrupt several acts, helping her daughter by providing him with some support for making her get the benefit shouldn’t be accepted and must be provided with allegations and should be fined for his activities. And also Harvard University has found him guilty of some scientific misconduct, which is very much important for avoiding such instances and making these fraudsters suffer for their problem, making them suffer for the fraud is very important otherwise people like Mark will take advantage of this to lose actions, so the punishment should be accurate and instantaneous for making them suffer for their frauds. The biggest problem with these frauds is that they aren’t exposed properly and no government media houses show any interest in these cases so make sure you are not trapped with this man.
Paying for getting your results changes not fair, as the other children will be affected after this fraud so make sure you won’t get involved in these frauds and avoid taking any sort of help in promoting your children also the world is playing cruel games for promoting their children, this incident can explain a lot more after all these incidents are taking place in this world only, so avoid dealing with these people it is very much important to expose people like these, otherwise they will harm the society indirectly and make innocent people suffer. The government needs to take serious measures for avoiding such matters and keeping them safe from these crimes. So many parents were involved in this scam, and everyone is rushing towards providing their children with all the facilities and making them feel secure but the moment you paid for their betterment through illegal means then all their hard work is in vain.
Get them to learn about how to earn things and earn knowledge but paying money for your work and not understanding the importance of hard work, so make sure your children keep learning things and avoid choosing the path of scams, it is not acceptable, that people are moving away from the path of truthfulness, we need to worry about our future generations about how will they face these problems or will they be also interested in following the same path.
They can be a nightmare for your carrier so avoid these people from making any form of deals they are very much unpredictable for investing so make sure you are never indulged in any type of these fraud and avoid investing with these people as they are always interested in making their people suffer so avoid investing with them.
Getting your daughter with all these facilities will make her weaker and more dependent on your support let her understand the true meaning of hard work otherwise you will have to support her at every point, it is very much important to make sure you provide your children with all the positive education so that they can oppose these nefarious and fraudulent schemes, making them learn all the positive information is important.
Legitimacy is the key to success, each and every successful firm has followed the path of credibility, and being trustworthy is very much important otherwise you will have to suffer a lot. In the future, these scams need to be exposed and people like Mark Hauser should be punished also their scams need to be stopped for making their people secure. Most people are avoiding such firms for being safe and achieving success on their own so that none of them are going to suffer.