The sex and drugs are allegations. The excessive expenditures were proven.
i'm not sure that spending a lot of m oney to celebrate your kid's senior year is de-facto wrong. If a parent wants to charter a boat for his kid and friends to pal around in, isn't it their business?
If the parent allows underage drinking, illegal drugs, and sexcual contact, then that is another matter entirely. It would also seem to me that much of the problem is also law enforcement.
that said, I beleive the cancellation and refusal to endorse wrong behavior is a sound one.