“...they can’t be charged with fraud because there are no victims.”
I can only speak for myself, but my opinion of USC dropped a few notches upon learning that rich parents, any rich parents (not just alumni) can buy their kids a ticket to that school. So perhaps USC is a victim?
USC is the Mississippi State of the West.
I was surprised to learn in this case that USC is a college. I thought it was an athletic club. :-P