LOS ANGELES, CA. (THECOUNT) — During the call, actress Lori Loughlin seemed happy the IRS was investigating the scam, and not USC officials.

The follow is a transcript of a wiretapped call Loughlin engaged in with F.B.I. “Operation Varsity Blues” informant, CW-1:

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CW-1: If you ever– ever were to say anything.

LOUGHLIN: So we– so we just– so we just have to say we made a donation to your foundation and that’s it, end of story.

CW-1: That is correct.

LOUGHLIN: Okay.

CW-1: Terrific.

LOUGHLIN: Okay.

CW-1: I just wanted to make sure I touched base because I didn’t want you–

LOUGHLIN: Yeah.

CW-1: –to all of a sudden what– like what’s this call coming from.

LOUGHLIN: Okay, yeah. Okay. Totally. All right. So– so that’s it. So it’s– it’s the IRS. It’s not anyone from USC, it’s the IRS.

CW-1: That is correct.

LOUGHLIN: Okay. Very good.

More to come..

Rick Singer, the CEO of The Key, a company that “helps” wealthy students score better scores on college admission tests, such as the SAT, is believed to be CW-1.

Developing.