Tuesday, October 20, 2020

Chinese Mother Who Paid $6.5 Million to Get Daughter into Stanford Says She Thought Money Was a Donation


A Chinese mother says she was misled into thinking she was donating to Stanford University, after paying $6.5 million to an adviser at the center of the U.S. college admissions scandal.

The mother of Yusi Zhao, identified only as Mrs. Zhao, said she donated the money to William Singer’s foundation on April 21, 2017, at his request almost a month after her daughter received an offer from the university, according to a statement provided on Friday by her lawyer Vincent Law, a Hong Kong-based partner at Mayer Brown.

The university entrance scandal, in which wealthy parents got their children into elite schools by cheating, has spread far and wide since U.S. prosecutors exposed the brazen national scheme by bringing charges against parents and ringleader Singer, who pleaded guilty to racketeering, money laundering, fraud and obstruction of justice. The scandal has embroiled high schools, test administrators, guidance counsellors and students — and now a wealthy mother in China.

Yusi Zhao is also a victim, her mother said in the statement. The purpose of the donation was “for the salaries of academic staff, scholarships, athletics programs and helping those students who otherwise will not be able to afford to attend Stanford,” she said in the statement. The contribution is in the same nature as those that many affluent parents have been doing openly to prestigious universities, Mrs. Zhao said, adding that she isn’t familiar with the admission process for colleges in the U.S.

- Advertisement -

“Mrs. Zhao has come to realize she has been misled, her generosity has been taken advantage of, and her daughter has fallen victim to the scam,” the lawyer said in the statement.

Mrs. Zhao was introduced to Singer through a third party, according to the statement, after which she learned of his charity foundation, which “was represented to her as a substantial and legitimate non-profit foundation for supporting education.”

Singer presented Yusi Zhao as a competitive sailor, the New York Times reported. Stanford rescinded her admission and she is no longer a student there, the newspaper said. In a video that was shared across Chinese social media, she offers advice about getting into prestigious U.S. universities, saying that she “tested into Stanford through my own hard work,” according to the Times.

Zhao Tao, chairman of Shandong Buchang Pharmaceuticals Co., said in a statement on the company’s website on Friday that the issue regarding his daughter’s studies in the U.S. is a family matter and will not affect normal business operations.

- Advertisement -

Shandong Buchang Pharmaceuticals, which is headquartered in Heze in the eastern province of Shandong, listed on Shanghai’s stock exchange in November 2016 and now has a market capitalization of 28.3 billion yuan ($4.2 billion).


Ex-managers of Security firm pleads guilty in Santa Clara County concealed gun permit bribery scandal

Two former managers of a Silicon Valley international security firm pleaded guilty Monday to charges related to a bribery scheme to obtain concealed firearms...

Ohio former House Speaker Larry Householder to stand for reelection amid bribery charges

Republican Rep. Larry Householder’s name will be on the ballot Election Day as the disgraced Ohio lawmaker intends to serve his district for another...

Billionaire Robert Smith to Pay $140 million after admitting to tax evasion

Billionaire Robert Smith will pay about $140 million and acknowledge wrongdoing to end a four-year U.S. tax investigation involving assets held in offshore tax...

Mexico’s ex-army chief arrested in US on charges of drug trafficking, money laundering

Former Mexican Defense Secretary Gen. Salvador Cienfuegos, who led the country’s armed forces for six years under then-President Enrique Peña Nieto, has been arrested...

Texas billionaire Robert Brockman charged in $2 billion tax evasion case

Robert Brockman, the Houston billionaire and CEO of a software company, has been charged with taking $2 billion through a scheme to evade taxes,...

Latest News

This Week

Parent company of world’s largest meatpacker plead guilty in bribery case, fined $280 million

The owner of the world's largest meatpacker pleaded guilty in U.S. federal court on Wednesday to paying nearly $180 million in bribes to top...

Cyprus House speaker quits amid passport for sale scandal

Cyprus’ parliamentary speaker has resigned after an undercover news report allegedly caught him on tape promising to help circumvent the country's rules on granting citizenship to foreign investors. Demetris...

Brazilian Senator caught hiding cash between his buttcheeks during police raid

Brazilian Senator Chico Rodrigues was caught in a police raid with money hidden between his buttcheeks on Wednesday, a judicial source briefed on the...

Textile suppliers for fashion retailer Boohoo investigated for money laundering and VAT fraud

The National Crime Agency (NCA) is investigating companies that supply the fast-fashion giant Boohoo on suspicion of money laundering and VAT fraud. Britain’s crime-fighting agency...

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks