U.S. - EDUCATION
In College Admissions Scandal, Family Paid $6.5 Million to Get Their Daughter Into Stanford
Family from China met college counselor William ‘Rick’ Singer through a Morgan Stanley employee
An Elite Consultant’s Take on the College Admissions Scandal
High-end college consultant Allen Koh was shocked to learn his colleague and competitor Rick Singer pleaded guilty to crimes including conspiracy and racketeering. WSJ sat down with Koh for insight into the multimillion-dollar college-consulting industry and what is driving parents to such desperate measures.
By Melissa Korn and Jennifer Levitz
Updated May 2, 2019 6:49 a.m. ET
A family from China paid a college counselor $6.5 million for help securing a spot at Stanford University, according to a person familiar with the matter, and connected to the counselor via a Morgan Stanley financial adviser, according to that person and another individual with knowledge of the situation.
Morgan Stanley has since fired the Pasadena, Calif.,-based adviser, whom it identified as Michael Wu.
The...
READ MORE: https://www.wsj.com/articles/in-college-admissions-scandal-family-paid-6-5-million-to-get-their-daughter-into-stanford-11556729011?mod=trending_now_5
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