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Old 03-14-2019, 07:14 PM
 
Location: San Francisco
2,319 posts, read 1,445,633 times
Reputation: 3817

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Quote:
Originally Posted by cjseliga View Post
The daughters are basically "walking memes" at this point ...
A decided LOL there.
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Old 03-14-2019, 07:32 PM
 
Location: Scottsdale az
588 posts, read 483,054 times
Reputation: 519
Quote:
Originally Posted by Sundaydrive00 View Post
I do kind of feel bad for Olivia Jade. She wanted to be a YouTube star, already had sponsorships with major companies like Amazon, Sephora, Dolce & Gabbana, Marc Jacobs, Smashbox, Too Faced, Clinique, etc... She didn't even want to go to college in the first place. But because her parents forced their own agenda on her, she is losing out on her life dream. Even if she's able to turn it around and make a reality show from this, she's always going to be known as the girl who's parents committed fraud to get her into college.

And Lori Loughlin and Target guy are just idiots. They ruined their own careers over something their daughter didn't even want. Neither of them went to college, and made it just fine. Why was their daughters going to USC so important?!
Why feel sorry, she said in a video she doesn't care about school just game days and parties, she was also on a yacht own by a USC staff member when the news broke out. Self entitled brat.
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Old 03-14-2019, 07:37 PM
 
890 posts, read 175,304 times
Reputation: 1497
Quote:
Originally Posted by Tinawina View Post
Especially when you consider that these are kids who attended expensice private college prep schools OR public schools in weathy high performing districts all their lives. They had access to top notch educations in environments created to groom every little bit of potential a kid has and churn out an ideal elite college candidate at the other end. And their parents could afford all the tutoring and enrichment and extracurriculars anyone could dream of.

But they STILL couldn't get a high enough score on a standardized test to be considered to a halfway prestigeous school on their own.

It's mind boggling.
Spending lots of money didn't help these kids do well in school.

Clearly, allocating more tax dollars to public K-12 education will have about the same impact: bupkis.
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Old 03-14-2019, 07:40 PM
 
890 posts, read 175,304 times
Reputation: 1497
Quote:
Originally Posted by JerseyGirl415 View Post
A prospective student should not be denied just because some rich kid's mommy and daddy donated a ton of money to the school...
1) In this scandal, there is no evidence of the above; and,
2) A school should be free to admit whomever they want on whatever basis they want.
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Old 03-14-2019, 07:54 PM
 
890 posts, read 175,304 times
Reputation: 1497
Quote:
Originally Posted by Pfalz View Post
So does a tax avoidance scheme really necessitate a RICO investigation and tons of FBI resources?
Just for clarity -- I suspect you mean felony tax evasion; tax avoidance (arranging your affairs so as to minimize taxes) is legal.

Quote:
Originally Posted by Pfalz View Post
The IRS can just send a letter for the tax due plus penalties and interest like they do for 99.9% of the underpayment schemes.
In the case of this scandal, it depends if the parents actually claimed a tax deductible donation in their federal income tax forms. The smart ones did not - they knew the "donation" to the charity involved a quid-pro-quo - that is, the people donating received value in exchange for the donation, which disallows the donation. The dumb ones probably claimed the donation in their tax returns - thus committing felony tax evasion.

The IRS has already indicated they will prosecute. The IRS does not want to issue a letter for the tax due plus penalties & interest - the remedy for merely being incompetent (or perhaps a bit aggressive). This isn't about incompetence when it comes to filing a tax return; this is about criminal tax fraud.

Quote:
Originally Posted by Pfalz View Post
There are so many better cases the FBI's financial crimes agents could be working on. How about the kinds that are directly targeting and hurting individual consumers. There's a lot of criminal behavior going on around student loans (and the educational institutions that make bogus claims to get that money). Why is throwing an old sleazeball in jail for shorting the treasury more important than protecting the public from financial crimes that have real victims.
The genesis of this case was an SEC investigation into a "Pump & Dump" securities fraud case. They guy they caught offered up the Yale soccer coach soliciting a bribe in hopes of leniency. That started the ball rolling. As an aside, the original guy caught for pump & dump got his two daughters in to Yale via the soccer coach, and he was not charged in this indictment for the college fraud.
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Old 03-14-2019, 08:01 PM
 
Location: Sarasota FL
6,756 posts, read 8,992,028 times
Reputation: 6415
Hallmark has announced the suspension of anymore Lori Loughlin 'Garage Sale Mysteries' episodes. But I think a million dollar bail is kind of excessive.
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Old 03-14-2019, 08:15 PM
 
12,210 posts, read 10,090,525 times
Reputation: 16802
Quote:
Originally Posted by Sarahsez View Post
Celebrities live in the world of there is no such thing as bad publicity. This may be just a temporary dip in income for them. They can have a come back here in a few years and make more money.
I was thinking this. They'll be back to their privileged lives in no time, I bet these girls will barely learn a lesson.

Quote:
Originally Posted by RationalExpectations View Post
1) In this scandal, there is no evidence of the above; and,
2) A school should be free to admit whomever they want on whatever basis they want.
Look at the post I was referring to, the person was talking about people who donate, say, $1M and then their kid is admitted to the school. Private schools currently CAN do whatever they want with admissions decisions (except for this fraud stuff), but it doesn't mean it's morally right or fair to the normal people who don't have $1M to throw at an institution. If you like corruption and a world that lets the rich get richer and stay powerful and have some perks the rest of us don't, that's fine, but I don't.
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Old 03-14-2019, 08:46 PM
 
62 posts, read 22,603 times
Reputation: 178
Quote:
Originally Posted by randomparent View Post
It matters a lot to those who were waitlisted at USC, so Olivia Jade could go play at being a college coed.
And why is going to USC important to you? This is the tip of the iceberg. Have money, will travel. If you are concerned about where you kid gets into college - earn more money and pay their way in. Those with money will always have these opportunities. Be Mossimo - make millions and bribe whomever you wish.

Or just go to a less prestigious college or don’t go at all and save the money. Most careers college supposedly “prepares” you for suck anyways.
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Old 03-14-2019, 08:57 PM
 
Location: The analog world
16,889 posts, read 9,465,878 times
Reputation: 22533
Quote:
Originally Posted by bowlines View Post
And why is going to USC important to you?
I am the parent of three, two young adults and one teen. From experience, I know how painful it is for a young person to be waitlisted by a dream school. Itís one thing to believe that you were passed over because other students were more qualified. Itís quite another to learn that you were passed over to make room for a privileged dilettante who cheated her way in.
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Old 03-14-2019, 09:06 PM
 
62 posts, read 22,603 times
Reputation: 178
Quote:
Originally Posted by randomparent View Post
I am the parent of three, two young adults and one teen. From experience, I know how painful it is for a young person to be waitlisted by a dream school. Itís one thing to believe that you were passed over because other students were more qualified. Itís quite another to learn that you were passed over to make room for a privileged dilettante who cheated her way in.
Iíd say get more realistic dreams then. Youíre playing right into the scam. Your kids arenít that special - deal with it. Itís ok to be average. No matter where they went to school, Olivia is going to be their better. But who cares??
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