Celebs, CEOs implicated in $25 million college admissions cheating scam: Prosecutors

Hollywood actresses Felicity Huffman and Lori Loughlin are among 50 wealthy people whom prosecutors allege paid to get their children into elite colleges.

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Actress Lori Loughlin taken into custody in 'Varsity Blues' college admission scam

Actress Lori Loughlin was taken into custody by the FBI Wednesday in Los Angeles after she, fellow movie star Felicity Huffman and 48 others were charged in a $25 million college admissions scam that has prompted repercussions from Hollywood to the boardrooms of major companies.

A former cast member on the ABC sitcom "Full House," Loughlin and Oscar-nominated actress Huffman, 56, are among 33 parents charged with conspiracy to commit mail and wire fraud in the nationwide scam to get their children into elite colleges, including Yale, Stanford, Georgetown and the University of Southern California.

The feds dubbed the investigation "Operation Varsity Blues" and said it was triggered by an unrelated investigation by FBI agents in Boston.