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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMystery parent paid $6.5 million to get kids into top universities as part of admissions scandal
Of the many outrageous allegations revealed by federal prosecutors in the college cheating scandal, one stands out.
Someone paid $6.5 million to get his or her children into elite schools. But the identity of that parent and details about which schools were involved remains a mystery nearly two weeks after authorities in Boston filed the charges against dozens of wealthy individuals.
The lack of information about the money is more notable given that the charges go into intense detail about the alleged actions of other parents, who are accused of bribing and cheating to get their kids into schools such as Yale, USC and UCLA.
Prosecutors have mentioned the $6.5 million in payments at a news conference and in court. But they are not included in the hundreds of pages detailing the charges.
https://www.sandiegouniontribune.com/news/california/la-me-college-admissions-bribe-fixer-20190324-story.html
That's a lot of scratch.
Power 2 the People
(2,437 posts)dawg day
(7,947 posts)He/she'd do better to sponsor 60 poor but hard-working students. Much better return on the investment.
Phentex
(16,334 posts)I feel like they've probably just scratched the surface. I'm betting there's a lot of scrubbing going on in the homes of some of these "elites"
D_Master81
(1,822 posts)Much like most scandals, the initial story breaks and then the flood gates open. Does anyone really think theres only 50 people out there paying or receiving payments?
FakeNoose
(32,639 posts)It would have been cheaper to hire fulltime tutors to make sure this dolt-kid actually learned something. Then he/she could have gotten decent SAT scores and high school grades, and maybe .. qualified for college on his own?
Hekate
(90,677 posts)The donor endows an important "chair," or donates a new wing to the Chemistry building or a new Theater Arts program. Something academically meaningful, in other words. And very, very public.
And in gratitude, the university is only too happy to have the donor's kids at that institution. Even their grandkids, for gods' sake. After all, they might bless the college with more money down the line.
Of all the stupid schemers, this is the one that just puzzles me.
mopinko
(70,099 posts)gotta be more than just stupid.
Agschmid
(28,749 posts)Put their name on a building? Etc?
Rhiannon12866
(205,320 posts)He doesn't have that kind of money and his kids didn't turn out to be all that bright.
Yavin4
(35,438 posts)If he/she just puts in a safe investment, they could live well for the rest of their lives. At a 2.5% annual return, that's roughly a $162,000 annual salary for doing absolutely nothing.
Progressive Law
(617 posts)These parents are not paying bribes just so that their kids can get a college degree and eventually a well-paying job.
The parents are paying bribes, in part, so that they can brag about having produced "intelligent" children.
erpowers
(9,350 posts)Giving the kid $6.5 million would have been better than using that money to bribe the kid's way into college. Why spend that much money to get a kid into college? Were they hoping that going to an ivy league college would have allowed the kid to get a Wall Street/financial job that would have paid him/her millions of dollars a year instead of the hundreds of thousands of dollars a year the he/she would have gotten from just investing the money? Were the parents just paying for the professional network and/or the bragging rights that come with getting your kid into an ivy league college? Were the parents paying for the benefits that comes from someone being connected to the ivy league professional network?
JI7
(89,249 posts)circles.
meadowlander
(4,395 posts)I'm not saying it's true but, you know, people are saying.