For-profit college operator Ernesto Perez — a big-time donor to South Florida politicians — officially pleaded guilty Monday to illegally bundling more than $159,000 in campaign contributions.
Perez, who owned Dade Medical College, will surrender in January to begin serving house arrest and probation.
Perez’s official sentence is three days in jail, but because the college operator is receiving credit for time already served, there will be no additional days behind bars.
The plea deal was first discussed last week when Perez was arrested on the campaign finance charges. It was postponed until Monday so attorneys on both sides could work out the details.
Perez also receives three years of probation, plus two months of house arrest. The college owner agreed to pay $150,000 to law enforcement for the cost of the investigation — $95,000 of which he has already paid, lawyers announced.
Perez will also make $50,000 in required charitable donations. The college owner will not be required to pay any restitution to his former students — Miami-Dade State Attorney’s Office spokesman Ed Griffith said this is because the criminal charges settled on Monday dealt with Perez’s personal conduct, and not the actions of Dade Medical College.