SPY380.36-1.97 -0.52%
DIA309.45-4.53 -1.44%
IXIC13,192.35+72.96 0.56%

Former TPG Capital exec to plead guilty in U.S. college admissions scandal

· 02/05/2021 17:14
Former TPG Capital exec to plead guilty in U.S. college admissions scandal

- A former senior executive at private equity firm TPG Capital has agreed to plead guilty to charges that he participated in a vast U.S. college admissions fraud scheme by paying $50,000 to rig his son's college entrance exam results.

Bill McGlashan, the former managing partner of TPG Growth and co-founder of The Rise Fund, has agreed to plead guilty to a wire fraud charge arising from the U.S. college admissions scandal, federal prosecutors in Boston said Friday.


(Editing by Diane Craft)