Kevin O'Leary explains why the kids in the latest college admissions scandal will be the ones that get their images damaged in the public eye, as well as the parents for cheating. Read more on CNBC Make It:
On Monday, actress Felicity Huffman and 13 others agreed to plead guilty to charges stemming from what prosecutors have called the largest college admissions scam in U.S. history, according to CNBC. On Tuesday it was announced that actress Lori Loughlin and others are also facing new charges related to the scam.
For self-made multimillionaire, “Shark Tank” star and father of two 20-somethings Kevin O’Leary, the idea of cheating to get your kids into college is “totally uncool.”
In fact, says O’Leary — who famously makes his kids fly coach while he flies first class to teach them they have to make it on their own — it’s harmful.
“It’s not really about the parents,” O’Leary tells CNBC Make It. “It’s the damage they’ve done to their kids.”
The 50 defendants have been accused of wrongdoing ranging from paying bribes reaching into the millions, to helping their children cheat on college entrance exams to faking athletic accolades.
“Imagine that you were a child that your parents did this to, in other words, you didn’t know, but your parents are buying your entry into a college. You wouldn’t feel so good, would you?
“That’s the tragedy of this. We don’t know how many hundreds of kids are actually in colleges — or maybe even finished — and they were bought in. ”
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Kevin O'Leary: College Admissions Scandal Damages Kids
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