Chances are you've been hearing a lot about the college admissions scandal that rocked Hollywood recently. Thanks to their level of celebrity Felicity Huffman and Lori Loughlin are two of the more notable names that people are associating with the scandal. While Loughlin and husband Mossimo Giannulli have been accused of paying over $500,000 to secure admission for their two daughters to the University Southern California, it is now being reported that a family from China has paid more than $6.5 million to get their daughter into Stanford University!
According to NBC News, the parents of student Yusi Zhao will not be charged in relation to the current college admissions scandal. The parents were reportedly referred to William "Rick" Singer, the person at the core of the bribery scandal, by a Morgan Stanley financial advisor who was fired from the company in March of this year.
A spokesperson for Morgan Stanley told NBC News that the financial advisor, Michael Wu, was fired for "not cooperating with an internal investigation into the college admissions matter." The spokesperson added that Morgan Stanley was fully cooperating with authorities on the case.
For their part, Stanford does acknowledge that the admission of a student was withdrawn last month and while they don't name who the student was, Zhao's profile seems to be missing off the student database, the LA Times reports. The University also states they were unaware of this alleged payment until they read reports in the Los Angeles Times and Wall Street Journal.
"It's important to clarify that Stanford did not receive $6.5 million from Singer, or from a student's family working with Singer," the university said in a statement. "Stanford was not aware of this reported $6.5 million payment from the family to Singer until today’s news reports."
Sources close to the case told the Los Angeles Times that Zhao's admission to the school was facilitated by Singer. The student, who goes by the name Molly, was admitted to Stanford in 2017. The LA Times reports that no one in Zhao's family has been charged with any crime, and it's unclear if they knew how the funds they had given to Singer were used.
Singer allegedly worked with the Stanford University's former sailing coach, John Vandemoer to have Zhao listed as a member of the competitive sailing team. Vandemoer has pleaded guilty to racketeering and admitted to working with Singer.