A billionaire pharmaceutical executive in China reportedly paid $6.5 million to a California man to get his daughter into Stanford University. The Los Angeles Times broke the story. Stanford acknowledged receiving $770,000 from William "Rick" Singer (pictured) on behalf of three students. Two of the students didn't enroll at Stanford. A third student was admitted to the school as a recruit on Stanford's sailing team, despite not having experience as a crew member.

Read more »