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Bribery, greed: All for a little bit of Ivy League

Discussion in 'Sports and News' started by CD Boogie, Mar 12, 2019.

Page 5 of 39
  1. justgladtobehere

    justgladtobehere Well-Known Member

    For people this wealthy, the difference in the school the kids graduate from is close to meaningless. It's about the parents' reflected glory and the kids wanting to have a good time.
     
    justgladtobehere, Mar 12, 2019
    #49
    Smallpotatoes and heyabbott like this.
  2. The Big Ragu

    The Big Ragu Moderator Staff Member

    "Give me an A, give me another A, give me another A, give me another A. ... welcome to Harvard."
     
    The Big Ragu, Mar 12, 2019
    #50
  3. HanSenSE

    HanSenSE Well-Known Member

    This is obviously all our fault as a board, for not writing about these kids who try as hard as the football and basketball players so they could get scholarships the old-fashioned way.
     
    Last edited: Mar 12, 2019
    HanSenSE, Mar 12, 2019
    #51
  4. playthrough

    playthrough Moderator Staff Member

    Yale's endowment is $27 billion, and it could raise a measly $1 billion anytime with just a run-of-the-mill alumni campaign. All this trouble for a $500,000 bribe -- or .001 percent of that endowment -- is hilarious.
     
    playthrough, Mar 12, 2019
    #52
  5. The Big Ragu

    The Big Ragu Moderator Staff Member

    Seriously. ... The kids may not be dumb. It's just gotten so competitive to get into many U.S. schools. Some of the Ivies have acceptance rates in percentage terms in the mid single digits. You can be the valedictorian with great SAT scores, and get rejected. For every 1 like that, they are turning away 12.
     
    The Big Ragu, Mar 12, 2019
    #53
    exmediahack likes this.
  6. The Big Ragu

    The Big Ragu Moderator Staff Member

    Maybe I am misunderstanding how this guy operated, but I didn't think he was bribing Yale. He was bribing a coach at Yale, for whom half a mil would be a lot of money. The coach then turns around and tells the admission office that Jr. is an ace tennis player. Even though the Ivies don't offer athletic scholarships, and the standards are relatively high for athletes, athletes can get in with lower grades and SATs because of the sport.
     
    The Big Ragu, Mar 12, 2019
    #54
  7. justgladtobehere

    justgladtobehere Well-Known Member

    The excerpt from the indictment on USC indicated the money was going to the athletic program through a guy's foundation. The scheme was in part to pay for assistant coaches.
     
    justgladtobehere, Mar 12, 2019
    #55
  8. mateen

    mateen Well-Known Member

    The guy had a few different wrinkles to this scam. Some of the cash was going to the people who proctored/took the phony entrance exams.
     
    mateen, Mar 12, 2019
    #56
  9. qtlaw

    qtlaw Well-Known Member

    The excerpt I just read says that there was a tax fraud aspect where the payments to the "non-profit" service (really a for profit enterprise) were then written off as tax deductions by the parents/payors. That would certainly catch the attention of the FBI.
     
    qtlaw, Mar 12, 2019
    #57
  10. CD Boogie

    CD Boogie Well-Known Member

    Any parent worth a damn knows you're doing your kid no favors by doing this. Then again, it's all of a piece. Shady parents raise kids with shady values (and little respect for making their own way in the world) and this is what happens: a black market develops preying on the stupidity of people.
     
    CD Boogie, Mar 12, 2019
    #58
    Dog8Cats likes this.
  11. playthrough

    playthrough Moderator Staff Member

    Correct, it's just amazing to me that schools with Fort Knox stashes of cash can find themselves in a sling over these kinds of amounts. But on every loaded campus there's a staff member somewhere who could use a few more bucks. (Which actually would describe me in my campus job too, except I have no pull whatsoever.)
     
    playthrough, Mar 12, 2019
    #59
  12. Inky_Wretch

    Inky_Wretch Well-Known Member

    $6M to some people is like $6 to others.
     
    Inky_Wretch, Mar 12, 2019
    #60
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