Despite their wealth, this Hong Kong family couldn't buy a clue. The Chows hired an IvyAdmit, an "admissions consultant" firm championed by a former Harvard professor, to get their kids into the prestigious university. Over a two year period, they paid the organization a stunning $2.2 million to ensure admission for their children. Because karma actually exists, their children did not get into Harvard. 

A lawsuit has since been filed, which states that a consultant told the Chows not to give money directly to the school because "embedded racism" made development offices suspicious of Asian donors. Thus, the ultimate swindler convinced him to give the money to his company.

Here's a lesson: Always eliminate the middleman. 

[via Gawker]