Ex-Hercules CEO Gets Six Months for $450,000 College Scam (1)

Silicon Valley venture capitalist Manuel Henriquez was sentenced to six months in prison for paying $450,000 to cheat his daughters’ way into college, capping a dark chapter in the vivid rags-to-riches story he offered in his defense.

“You have woefully misused your great wealth,” U.S. District Judge Nathaniel Gorton told Henriquez, the co-founder and former chief executive officer of Hercules Capital Inc., in a hearing by videoconferece on Wednesday before pronouncing his sentence -- the third-longest for parents in the sprawling U.S. college admissions scandal.

Manuel Henriquez, center, arrives at federal court in Boston, in 2019.

Photographer: Adam Glanzman/Bloomberg

“For the commission of this crime you need to go to jail, not ...