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Former investment executive gets 3 months in college scam | iNFOnews | Thompson-Okanagan's News Source


Alanna Durkin Richer
FILE - In this Friday, March 29, 2019, file photo, William McGlashan, right, of Mill Valley, Calif., arrives at the federal courthouse in Boston for a hearing in a nationwide college admissions bribery scandal. McGlashan, a former private equity executive who cofounded an investment fund with U2 s Bono was sentenced Wednesday, May 12, 2021, to three months in prison for his role in the college admissions bribery scheme. The former TPG Capital senior executive, admitted in February to paying $50,000 to have someone secretly correct his son s ACT answers. (Matt Stone/The Boston Herald via AP, File)
May 12, 2021 - 9:49 AM
BOSTON (AP) — A former private equity executive who cofounded an investment fund with U2 s Bono was sentenced Wednesday to three months in prison for his role in the college admissions bribery scheme. ....

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Former private equity executive sentenced to three months in college admissions scandal


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A former private equity executive was sentenced to three months in prison after admitting his involvement in the college admissions scandal, The Associated Press reported.
Former TPG Capital senior executive William McGlashanJr. was among 50 people who were arrested in the case known as Operation Varsity Blues.
The investigations, which first broke in 2019, showed how some wealthy parents were taking illegal actions to try to get their children admitted to top schools.
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Thirty parents involved in the scheme have already pleaded guilty to crimes. 
McGlashan admitted in February that he paid $50,000 to have his son’s ACT scores secretly corrected. Prosecutors also said that McGlashan agreed to pay $250,000 for his son to join the University of Southern California as a football recruit but didn’t go through with the plan, according to the AP.  ....

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'Dumbfounded and appalled': Judge sentences Bay Area dad who tried to cheat son's way into college


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Dumbfounded and appalled : Judge sentences Bay Area dad who tried to cheat son s way into college
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FILE: Bill McGlashan, founding partner at TPG Growth, on the center stage during Day 3 of the 2014 Web Summit in the RDS, Dublin, Ireland. Brendan Moran/Sportsfile/Corbis via Getty Images
Bill McGlashan, once a top executive at a Bay Area private equity firm, broke the law to cheat his son s way into college because he was consumed by parental insanity, his son argued in court this week. This argument did nothing to sway the judge, however, who sentenced McGlashan, 57, to three months in prison Wednesday. ....

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SPOTIFY – NBC10 Philadelphia


The Obamas are getting into the podcasting business, and Spotify has the exclusive rights. Spotify announced Thursday that it has signed a partnership deal with Barack and Michelle Obama’s production company, Higher Ground, to produce podcasts that will be available only on its streaming platform. The deal comes on the heels of a similar agreement between Higher Ground and Netflix.
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Mar 13, 2019
Manuel Henriquez has resigned as CEO of Hercules Capital and TPG executive William McGlashan has been placed on indefinite leave at the private equity firm after they were accused in a scam to help their children get into top colleges. The two were among 50 people charged in what investigators said was a $25 million bribery scam. Henriquez, 55, resigned. ....

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