Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Ex-TPG Executive McGlashan Pleads Guilty in College Scandal (1)

Feb. 10, 2021, 10:05 PM

Former TPG Capital LP executive Bill McGlashan admitted paying $50,000 to boost his son’s test scores, the latest parent to plead guilty in the U.S. college admissions scandal as the ranks of those fighting the charges thin.

McGlashan, 57, acknowledged aiding and abetting the testing fraud and will serve three months in prison and pay a $250,000 fine under an agreement with federal prosecutors, who dropped three more-serious charges against him. He is the 30th parent, of more than three dozen charged, to admit guilt in a sprawling case that has claimed prominent figures from finance, industry and entertainment.

“Guilty,” ...