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Real-estate parents disproportionately involved in college cheating scheme

The Commercial Observer yesterday had an interesting take on some big national news, with the headline Nearly a Dozen Real Estate Honchos Charged in College Cheating Scheme:
Nearly a dozen real estate CEOs were among the nearly 50 people charged in a nationwide scheme to cheat on college entrance exams to get children into elite colleges, federal prosecutors said.
There were 50 people charged, including coaches and admissions counselors, but only 33 parents. So if "nearly a dozen" means 11, that's a pretty high percentage.

That said, the Commercial Observer's list, which specifies only eight people, includes within the ambit of "real estate" the head of a private equity firm and also the head of a marketing company. Here's CNBC's list.

Whatever the actual percentage, it's likely that a disproportionate number of parents have a real estate connection.

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