My thought process exactly.
For 1.2M, I’m sure there’s all sorts of “official” (read as “legal”) ways to ensure your kid gets in. Perhaps an endowment for a program, donated funds towards a new building etc…
These particular rich folks’ problem is that they spent their money poorly with a broker rather than just going to the school directly. (and, man, I wish that was a F-ing sarcastic statement rather than an honest analysis of the situation…)