If you’re asking about the University of Southern California (University of Southern California), the two biggest financial-related scandals in recent years are:
1. Admissions Bribery Scandal (“Varsity Blues”)
- Event: Varsity Blues college admissions scandal
- What happened: Wealthy parents paid large sums (often hundreds of thousands of dollars) to get their children admitted through fake athletic recruitment or manipulated test scores.
- Key figure: Rick Singer
- USC impact:
- USC was one of the most heavily implicated schools.
- Multiple coaches and administrators were fired or charged.
- Donations and internal controls came under scrutiny.
- Financial angle:
- Bribes disguised as “donations”
- Reputational damage affecting fundraising and trust
2. Gynecologist Abuse & Settlement (Tyndall Case)
- Key figure: George Tyndall
- What happened: Hundreds of former students accused Tyndall of sexual misconduct over decades, alleging the university failed to act on complaints.
- Financial impact:
- USC agreed to a massive settlement exceeding $1.1 billion, one of the largest ever involving a university.
- Why it’s financial:
- Huge legal liability and payouts
- Long-term
