Boston — A former senior executive at TPG Capital, a global private equity firm, has agreed to plead guilty in connection with his involvement in the college admissions case, announced Ramsey E. Covington, Acting Special Agent in Charge of the Internal Revenue Service's Criminal Investigations in Boston.
William E. McGlashan, Jr. has agreed to plead guilty to one count of wire fraud and honest services wire fraud. A plea hearing has not yet been scheduled.
McGlashan, the former managing partner of TPG Growth and co-founder of The Rise Fund, will plead guilty to his role in a scheme to defraud ACT, Inc. by paying William "Rick" Singer $50,000 to bribe Igor Dvorskiy, a corrupt test administrator, to allow Mark Riddell, a corrupt test "proctor," to secretly correct McGlashan's son's exam answers to obtain a fraudulently inflated score.