Love & Money: Helicopter parenting gone wild! Family paid $6.5M to get daughter into Stanford

Even judging by the recent college-admissions scandal, this figure is shocking.

A Chinese pharmaceutical billionaire allegedly paid $6.5 million to snag his daughter a place at Stanford University. The family reportedly used the same contact, William “Rick” Singer, a college-admissions consultant, who helped families get their kids into colleges in the recent $25 million college-admissions scandal. A spokeswoman for Stanford told The Los Angeles Times this week that Singer allegedly received the $6.5 million, not Stanford University. The family was not cited in the recent federal court case involving multiple families.

A Pasadena-based financial adviser, Michael Wu, was the contact between the family and Singer, The Wall Street Journal reported.

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