Meghan Morris, provided by Published 3:27 pm CDT, Wednesday, March 27, 2019 John Salangsang/Invision/AP The former TPG executive Bill McGlashan, who was charged as part of the wide-ranging college-admissions scandal earlier this month, said in a court filing on Wednesday that he should be allowed to keep his passport and travel internationally. The court filing was the first time McGlashan's lawyers have publicly hinted at their defense strategy. He was charged with mail fraud and accused of paying $50,000 to a charity so that his son's standardized test would be doctored. In Wednesday's court filing, McGlashan's lawyers said his son has long been allowed extra time for tests because of diagnosed learning disabilities and that he did not pay for college acceptances via a "side door," as other parents have been accused of doing. William "Bill" McGlashan, the former TPG executive charged in the college-admissions scandal earlier this month, wants to go on … [Read more...] about The former TPG executive charged in the college-admissions scandal is fighting to keep his passport so he can go on spring break
William bill mcglashan
A former top private equity executive charged in the college admissions scandal denies he paid any bribe to get his son into USC using a “side door” and says the boy has a legitimate learning disability that warranted special testing provisions. Bill McGlashan, the former managing partner of San Francisco-based TPG Growth, has sought to rebuff federal prosecutors who allege he discussed a $200,000 bribe with a college athletic director to get his son into USC. McGlashan had built a reputation on good investing and helped found the company’s social impact arm with U2’s Bono before he was fired by the investment firm last week. “Mr. McGlashan did not pay for the use of a so-called ‘side door’ to obtain admission for his son at USC or any other college,” his lawyers wrote in a court filing seeking to allow him to travel for business as well as on an international family vacation. He is among 35 parents charged in connection with a scheme run … [Read more...] about Former TPG exec Bill McGlashan says he never paid a bribe to get his son into college
Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: Did Bill McGlashan Quit TPG, or Was He Pushed Out? Advertisement DealBook Supported by March 15, 2019 Good Friday morning. (Was this email forwarded to you? Sign up here .) TPG and Bill McGlashan clash over his exit A fight has broken out between TPG and Bill McGlashan, the senior executive caught up in a huge college bribery scandal, over how he left the $103 billion investment giant, Michael de la Merced of DealBook reports. Mr. McGlashan had initially been put on leave by TPG after being accused of collaborating with William Singer, who ran the college preparatory business at the center of the scandal. Prosecutors say that Mr. Singer advised the financier to claim that his son had learning disabilities, and that Mr. McGlashan paid $50,000 to Mr. Singer’s charity. TPG said it … [Read more...] about DealBook Briefing: Did Bill McGlashan Quit TPG, or Was He Pushed Out?
According to the 204-page charging document, McGlashan agreed to donate $50,000 to Key Worldwide Foundation, the Newport Beach charity at the center of the scandal with the understanding that its leader, William Singer, would arrange for his son’s ACT test to be corrected by a proctor, in exchange for a bribe. McGlashan’s son received a 34 out of a possible 36 on the exam. … [Read more...] about Bill McGlashan fired from TPG amid college cheating scandal
Dakin Campbell, provided by Published 5:21 pm CDT, Tuesday, March 12, 2019 John Salangsang/Invision/AP Private equity firm TPG has placed William 'Bill' McGlashan on leave after he was among dozens of people indicted by the FBI Tuesday in an alleged scheme to get students into elite colleges. McGlashan founded TPG Growth and the Rise Fund, which invests in companies trying to solve social and environmental problems. His duties will now be handled by TPG cofounder Jim Coulter. Private equity giant TPG has placed William 'Bill' McGlashan on leave after he was among dozens of business leaders and Hollywood celebrities indicted by the FBI in an alleged scheme to get students into elite colleges. McGlashan is the founder and managing partner of TPG Growth, which makes investments in growth equity and middle market buyouts. He's also cofounder and CEO of the Rise Fund, an investment fund focused on companies trying to tackle social and environmental issues. McGlashan … [Read more...] about Private equity giant TPG has put a top exec on leave after he was charged in a college admissions scandal