What we know so far in the college admissions cheating scandal

(CNN)The massive college admissions scam is a harsh reminder that wealthy families can cheat their way to even greater privilege. And some say this scandal is just the tip of the iceberg. Actresses Lori Loughlin and Felicity Huffman are among the dozens of parents facing federal charges. Others charged include nine coaches at elite schools; two SAT/ACT administrators; an exam proctor; a college administrator; and a CEO who admitted he wanted to help the wealthiest families get their kids into elite colleges. How did this scheme work? It was all orchestrated by William Rick Singer, CEO of a college admissions prep company called The Key. Singer pleaded guilty to four charges Tuesday and admitted that everything a prosecutor accused him …