Developer Robert Zangrillo among parents facing new charges in college admissions scandal

The parents allegedly laundered hundreds of thousands of dollars through mastermind’s charity

TRD MIAMI /
Apr.April 10, 2019 02:39 PM

Robert Zangrillo

Miami developer Robert Zangrillo is among the 16 parents now facing additional charges in the Justice Department’s largest-ever college admissions investigation.

Zangrillo was among the 33 parents indicted in March for paying to get their children into schools that included the University of Southern California, Stanford, Georgetown and Yale. In addition to being charged with conspiracy to commit mail fraud and honest services mail fraud, the Department of Justice now charged Zangrillo and 15 other parents for conspiring to commit fraud and money laundering.

The wealthy parents involved in the scheme conspired with William “Rick” Singer to bribe college entrance exam administrators and university athletic coaches and administrators to get their children into the elite universities, according to the complaint.

The defendants laundered hundreds of thousands of dollars through Singer’s charity and for-profit company, the Justice Department alleges.

In addition to Zangrillo, former Wynn Resorts Development and MGM Resorts International executive Gamal Abdelaziz, known as Gamal Aziz, and former Pacific Investment Management Company CEO Douglas Hodge were also charged this week in a second indictment for fraud and money laundering.

The announcement comes as two real estate executives pleaded guilty on Monday in connection with the scheme. Bruce Isackson, a Bay Area real estate developer, and his wife, Davina Isackson pleaded guilty to one felony count of conspiracy to commit mail fraud and honest-services mail fraud. Isackson, president of WP Investments, also pleaded guilty to money laundering and tax fraud. They’re facing prison time of up to 46 months. Irvine-based Crown Realty CEO Robert Flaxman pleaded guilty to conspiracy to commit mail fraud and honest services mail fraud, and now faces up to 14 months in prison.

Just weeks after the March indictment, it was revealed that Zangrillo, a leading investor and face of the $1 billion Magic City project in Miami’s Little Haiti neighborhood, is no longer involved in the project and was replaced by developer Zachary Vella. Zangrillo is also founder and CEO of Dragon Global, a venture capital and real estate investment firm.

According to the complaint, Zangrillo paid off athletic department officials at USC to designate his daughter as an athletic recruit, and had someone take classes on her behalf. He is said to have made two donations: $200,000 to the Key Worldwide Foundation and $50,000 to Women’s Athletics at USC. Though USC rejected his daughter’s application in 2017, the complaint states she was accepted after her second application, touting her rowing experience that was absent from the first application, and was placed on a VIP list of transfers.

An arraignment date for Zangrillo hasn’t been scheduled yet, according to the state attorney’s office.


Related Articles

arrow_forward_ios
Bob Zangrillo and the Magic City Innovation District

FTC halts alleged website scheme tied to developer Bob Zangrillo

Joseph Menaged with his units at Faena House and One57 (Credit: Facebook, Redfin, StreetEasy)

Father of “Property Wars” star pleads guilty to bank fraud

Georgina Pineda and King David Condominium at 17555 Atlantic Boulevard (Credit: Realtor)

Property manager stole HOA money, then gambled it away: police

Thomas Conway and clockwise from top left: 2901 N. Dixie Hwy., 9500 S.W. 180th St., 8610 S.W. 107th Ave. and 8038 N.E. 2nd Ave. (Credit: Google Maps)

BellSouth sells 1M square feet of land for $25M

Robert Zangrillo and a rendering of the Magic City Innovation District (Credit: Wikipedia)

Developer Bob Zangrillo faces new charges for website scams

2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

Daily Digest Miami

Gil Dezer, Related complete Residences by Armani/Casa, hedge funder, wife drop $105M for Palm Beach estate

Eastside Ridge rendering

SPV Realty sues city of Miami to force vote on Eastside Ridge

arrow_forward_ios
Loading...