Fiona Ma took cash from Chinese language college CEO probed for fraud



California state treasurer Fiona Ma took 1000’s in marketing campaign donations from the founding father of a Chinese language boarding college on the middle of a bombshell fraud probe — and reportedly promised to hook up the youngsters of Chinese language elites with jobs and internships throughout a secret go to in 2023.

Ma, who’s working for lieutenant governor, has accepted greater than $30,000 from Steven Ma, the founding father of a $34,000-per-year, Qingdao-based boarding college underneath investigation for allegedly churning out bogus California diplomas for well-connected Chinese language college students.

Treasurer Fiona Ma took hefty donations from the founding father of a Chinese language boarding college now underneath investigation. AP

An astonishing 1000-page audit carried out by Riverside County discovered “a sample of favors, official acts, guarantees, and funds” associated to a government-approved pilot program between Pegasus California Faculty and Val Verde Faculty District in Riverside County.

Pegasus California Faculty handed out diplomas that seemed like they have been issued by Val Verde faculties in California — a promoting level for Chinese language college students wanting a spot within the elite College of California system — with the assistance of prime officers with the Division of Schooling and Val Verde Faculty District who pushed this system, based on the audit.

Ma visited the $34,000-per-year boarding college in 2023 whereas on trip, promising to assist well-connected college students. Pegasus California Faculty

Steven Ma labored carefully with former California superintendent Tom Torlakson, Val Verde college administrator Michal McCormick and guide Dave Lengthy to assist catapult the Chinese language college students into coveted College of California spots — in an association deemed “sketchy” by one college official cited by Enterprise Insider.

The audit discovered proof of “potential bribes and/or kickbacks within the type of direct and oblique monetary advantages” to the California officers — corresponding to a $13,600 marketing campaign contribution to Torlakson, a paid consulting supply to McCormick, and free journeys to China for college board members.


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Federal prosecutors have since launched a probe into Pegasus California Faculty’s ties to California businesses.

“Our duty is to safeguard the integrity of public training and be certain that taxpayer assets are used lawfully and transparently,” stated Riverside County Superintendent of Colleges Dr. Edwin Gomez in a press release.

The college allegedly churned out bogus diplomas emblazoned with Val Verde Faculty District insignia. Riverside County Workplace of Schooling

“This audit recognized critical issues that benefit additional assessment by the suitable authorities. We are going to proceed to behave with integrity, observe the regulation, and be certain that the pursuits of scholars and the general public stay on the middle of each choice,” he added.

Steven Ma, who additionally ran an training agency referred to as Assume Tank Studying, profited handsomely from his training ventures — shopping for up a $364,000 personal aircraft, a $115,000 Mercedes-Benz, and a house price greater than $2.8 million in rich Pleasanton, based on chapter papers filed after the corporate went belly-up throughout Covid.

He additionally spent a few of his spoils on political candidates — together with Ma, a longtime Dem official who served within the State Meeting and on the Board of Equalization earlier than changing into state Treasurer in 2019.

the Pegasus California Faculty

Beginning in early 2023, Steven Ma made six hefty donations totaling $13,200 to Fiona Ma’s marketing campaign for lieutenant governor — simply months earlier than she personally visited the varsity, promising entry to “internship and employment alternatives,” based on a weblog submit on the varsity’s web site.

Ma paid a go to to Pegasus Faculty in September 2023 after saying she was occurring trip in an Instagram submit.

“Fiona selected Pegasus as the one college to go to in China, which reveals the California authorities’s recognition and a spotlight to Pegasus,” the varsity boasted within the now-archived weblog submit.

“I’m honored to return to Qingdao Pegasus California Faculty at this time to see many college students carry out and talk with them. In the event that they wish to intern in California, they’ll come to me, I’ll present some internship and employment alternatives,” the submit learn, showing to paraphrase Ma.

Getty Pictures

The college’s alumni web page reveals quite a few college students enrolled UC Berkeley, UCLA. UC Santa Barbara and different cease state faculties.

Steven Ma was a longtime supporter of Ma’s political aspirations, contributing $7,600 to her State Board of Equalization marketing campaign between 2015 and 2016, based on marketing campaign information.

He then kicked in $14,000 to her marketing campaign for treasurer in 2018, information present.

The California Division of Schooling was pressured to difficulty a cease-and-desist to Pegasus demanding it delete references to state businesses.

Ma’s marketing campaign didn’t reply to a request for remark.





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