Welcome to Axis ProRata, a podcast that takes just 10 minutes to get you smarter on the collision of tech, business, and politics.

I'm Dan Pramak. On today's show, why Amazon became America's top lobbyist and what Tesla knows about you.

The first, cheaters. As you've probably heard by now, around three dozen wealthy parents were charged yesterday with felony fraud,

related to a complex cheating scheme aimed at getting their kids into elite universities.

They include big-name actresses, investment executives, and CEOs, many of whom paid hundreds of thousands of dollars

to help their kids cheat on college admissions tests, create fake athletic profiles, and in some cases, outright

bribe athletics and admissions officers. And yeah, many of them were caught on FBI wiretaps,

discussing the schemes. So some of the kids knew, some of them didn't. But either way,

they took spots from deserving applicants, with their parents not even having the decency

to, I don't know, donate a library or a dorm

that would have at least benefited more than just their own child. Now, though, there are consequences

to be paid with a very real possibility that, say, full house actress Lori Loughlin could end up

sharing a jail cell with Bill Mcglashen, a man who until yesterday ran billions of dollars for

private equity giant

TPG, including its social responsibility fund whose mandate includes investing in education companies.

Yeah, let that one sink in for a moment. In 15 seconds, we'll go deeper on all of this with Yahoo

sports columnist Dan Wetzel. But first, this. There is more news out there than ever before,

but these days, it's harder than ever to find

it and to know what to trust.

Axios AM takes the effort out of getting smart by synthesizing the 10 stories that will

drive the day and telling you why they matter.

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