Rich Chinese parents also caught up in college admissions scandal
Paying millions of dollars to secure their children a spot at an elite college may
sound absurd to many parents, but some are willing to do this.
Nicole Shen, the Chinese mother of a high school student in Palo Alto, California, said she would be wi
lling to pay a pretty penny upfront to get her daughter admitted to a top-tier university if she could afford it. “As long as eve
rything is legal,” she added.Zhao, 52, was introduced to William “Rick” Singer, a college consultant in California and the mast
ermind behind the scandal, by Michael Wu, who worked as an adviser at the Los Angeles area branch of in
vestment bank Morgan Stanley, according to the Los Angeles Times. Wu has since been fired.
Two wealthy Chinese families have recently been in the spotlight and t
he subject of widespread discussion after media reports showed they paid huge am
ounts in a high-profile college admissions scandal. The sums they paid dwarfed the typical amount footed by US parents.
The highest-known payoff to date is the $6.5 million by billionaire Zhao Tao, president and co-founder of Shandong Buchang Pharmaceuticals Co.