The family of a Chinese student admitted to Stanford paid $6.5 million to William “Rick” Singer, people familiar with the matter said.
The $6.5-million figure has stood out for its size since prosecutors in the U.S. attorney’s office in Boston unveiled their case in March and said an unnamed client of Singer’s paid the eye-catching amount. While 33 parents have been charged so far in a sprawling investigation of fraud and deceit in the college admission process, none is accused of spending sums that even approach what Zhao’s family are said to have paid.
In all, 50 people have been charged in the case so far — a group that, along with parents, includes several coaches from various universities, an athletics administrator at the University of Southern California, people who worked for Singer’s college admission consulting business, and others he paid to carry out aspects of his scam.
It is believed Zhao’s parents met Singer through the manager of a Los Angeles-area branch of investment bank Morgan Stanley. Sources familiar with the manager said she often brought Singer into the office, and encouraged her financial advisors to offer his college consulting services to their clients. The manager did not respond to a request for comment.A spokeswoman for Morgan Stanley initially declined to comment.
FULL COVERAGE: Dozens charged — including Hollywood actresses — in connection with college admissions scheme »
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