Exclusive: 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. While 33 parents have been charged so far in a sprawling investigation of fraud, bribes and deceit in the college admission process, none are accused of spending sums that even approach what Zhao’s family are said to have paid. Prosecutors declined to common on the case.
An FBI agent wrote in an affidavit for a warrant that Singer’s clients paid him up to $6.5 million per applicant, but the amount was not tied to a name in court documents. 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.
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