Operation Varsity Blues: Celebrities involved in college admissions scandal thetab.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetab.com Daily Mail and Mail on Sunday newspapers.
A former private equity executive nabbed in the "Varsity Blues" college admissions scandal admitted Wednesday to paying $50,000 to boost his son's standardized test scores, pleading guilty to one count of wire fraud in the sprawling corruption prosecution.
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.