(03-13-2019, 10:41 AM)BostonCard Wrote:(03-13-2019, 04:46 AM)Mick Wrote:(03-12-2019, 07:19 PM)OutsiderFan Wrote: On the issue of who tipped off investigators, the conspiracy was gigantic. Spanned from coast to coast. You have to talk with a lot of people to find school and test administrators who will go along with such blatant fraud.
Along the way you probably have to talk with a lot of people who say no to the scheme when approached by someone about participating. I'll guess that one or more of those people who thought it was wrong went to the authorities and that's what started the investigation.
I would imagine that it raised eyebrows and red flags at the Internal Revenue Service as well.
That pre-supposes that there is anyone left in the IRS to audit potentially fraudulent returns.
https://www.nytimes.com/2018/10/01/busin...audit.html
BC
Meant the flagging of $10k deposits, which is automated. I wonder how these people received these funds without at least getting an automated letter now...
(03-14-2019, 06:11 PM)BostonCard Wrote:(03-14-2019, 05:55 PM)muiron Wrote: The big news - the sailing program somehow got another $500k from the scheme, though we don't know how yet (and didn't learn through the feds...I suspect by reviewing gifts to the sailing team. It somehow involved an applicant who was admitted and IS a student now, but with no recommendation from the sailing coach and no sailing team connection. The Pres sounds genuinely puzzled.
He does support the current sailing team (every sailing team member going back to before the scam started has been checked and none were based on phony recommendations). I've got to think, though, that $770k would be a of immense proportions chunk of the team's budget.
Wait, what? The sailing team got another 500k for a student that was admitted, but the sailing coach did tout in a word for that student? That sounds... fishy.
BC
Two thoughts:
1) Non-revenue sports live in perpetual shortages of funds, yet they still have to compete with other programs, and of course, the coaches want to win and do well. If they live at "threat" level, meaning the program is at risk of complete de-funding from the University, the coaches could find themselves out of a job when the program loses its budget. Therefore, even if a coach doesn't receive the funds personally, they need to ensure that sufficient donations come in to ensure themselves a job (or a raise). Frankly, it wouldn't surprise me if it were in the contracts of some of these coaches.
2) I'd spoken at length with the AAD at one of the Ivies (not Princeton). It was pretty clear that they had an enormous amount of power and leverage to bring students into the school. It never crossed my mind that a coach would actually do this; the down side is too brobdingnagian. No one will ever hire you, ever again.
As for the Stanford sailing program, [erhaps a "back door" donor earmarked part of his donation for the sailing program, accounting for the extra $500k.
Audaces fortuna iuvat

