Prosecutors say parents paid an admissions consultant $25 million from 2011 through February 2019 to bribe coaches and administrators to label their children as recruited athletes to boost their chances of getting into schools.
The bribes allegedly came through an admissions consulting company in Newport Beach, California.
U.S. Attorney Andrew Lelling said via a live news conference "there can be no separate college admission system for the wealthy and there will not be a separate criminal justice system either".
Other parents charged include Manuel Henriquez, the chief executive of specialty finance lender Hercules Capital; Gordon Caplan, the co-chairman of worldwide law firm Willkie Farr & Gallagher; Bill McGlashan Jr., who heads the buyout investment arm of private equity firm TPG Capital; and Douglas Hodge, former CEO of investment management firm Pimco.
Huffman spent hours in a a Federal detention center and in court where she answered "yes" to several questions including whether or not she understood the charges.
It was unclear when the "Full House" star Loughlin would turn herself in.
On Tuesday, Giannulli was arrested at the home he shares with Loughlin, but was released after paying his $1-million bond.
The head of a Silicon Valley hedge fund who became ensnared in a massive college bribery scandal is stepping down.
Family Lawyer Claims That Shamima Begum's Newborn Son Is Dead
Begum's son is one of scores of children who have died fleeing from fighting in ISIS' last remaining Syrian enclave Baghouz. She was 15 when she and two other schoolgirls from Bethnal Green, east London , went to join IS in February 2015.
Henriquez will still hold a seat on the board and serve as an adviser, Hercules said.
The racketeering conspiracy charges unveiled Tuesday were also brought against the coaches at schools including Yale, Wake Forest University, Georgetown and the University of Southern California. A former Yale soccer coach pleaded guilty before the documents went public and helped build the case against others.
Numerous children were unaware of their parents' activities.
Several of the students whose parents allegedly made payments to Singer had applied to Boston University, Boston College, and Northeastern University.
The actress, best known for appearing as Lynette Scavo in Desperate Housewives, has been charged with conspiracy to commit mail fraud and honest services mail fraid.
The most far-reaching college admissions plot ever prosecuted, revealed on Tuesday by federal investigators, provides a window into how wealth and power operate in American society, progressives say.
A source said that Huffman and other defendants had word in recent days that they might face arrest.
In an interview earlier this year, Macy said his daughter's college application process was a "stressful" experience. A number of the institutions moved quickly to fire or suspend the coaches and distance their name from the scandal, portraying themselves as victims. Coaches, athletic directors took millions.