The biggest enrollment scandal in the history of the United States has not only brought many American celebrities into trouble, but also China's rich and founder Zhao Tao. Because it's incredible to spend 6.5 million to send my daughter to college!
According to Los Angeles Times, daily mail and other US media reports, Zhao Tao, founder of step pharmaceutical, bought his daughter Zhao Yusi to Stanford University for $6.5 million.
Zhao Tao's approach is to bribe the Stanford University sailing team coach with 500000 dollars, treat Zhao Yusi as a sailor, and create a fake sailing sports profile for students.
Recently, it has been reported that in the biggest university enrollment fraud scandal in the history of the United States, a family from China paid 6.5 million US dollars (about 43.74 million yuan) to singer, the "manipulator" behind the case, for sending their children to university, which is the highest amount involved.
The mysterious Chinese tycoon is Zhao Tao, chairman of Shandong Buchang Pharmaceutical Co., Ltd., and his daughter Yusi Zhao, who was sent to Stanford University, the Los Angeles Times and other media reported Wednesday, citing sources. According to the Los Angeles Times, Zhao Yusi was admitted to Stanford University in 2017. From her home in Beijing, she went to this elite university in California, majoring in psychology and East Asian studies.
Zhao's family met singer through a financial manager at Morgan Stanley (47.57, - 0.68, - 1.41%), who eventually introduced her as a sailor and offered 50% of the $6.5 million to a Stanford sailing coach to help her be admitted as a sports specialty student. Zhao's father Zhao Tao is the chairman of Shandong Buchang pharmaceutical. In October last year, Zhao Tao's family ranked 82nd in Hurun's 100 rich list with a wealth of 32 billion yuan.
Zhao Tao, chairman of step pharmaceutical, fired Zhao Yusi at the end of March, according to people familiar with the scandal. Three days later, Stanford University revealed that an unidentified student had been ordered to leave school for submitting false information to the school, according to the Stanford daily.
Zhao Yusi's student files at Stanford University have been removed, and an email from the daily mail to her school account hasn't been answered. Her family has not been charged, just like Guo Xueli, the heroine of another cheating case that has been exposed before. Guo Xueli's parents are accused of paying $1.2 million for her daughter to enter Yale University.