BOSTON – A former senior executive at TPG Capital, a global private equity firm, pleaded guilty today in connection with his involvement in the college admissions case.
William E. McGlashan, Jr., 57, pleaded guilty to one count of wire fraud and honest services wire fraud.
U.S. District Court Judge Nathaniel M. Gorton scheduled sentencing for May 12, 2021.
McGlashan was charged in March 2019.
McGlashan, the former managing partner of TPG Growth and co-founder of The Rise Fund, admitted to his role in a scheme to defraud ACT, Inc. by paying William “Rick” Singer 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.
As a result, McGlashan’s son received a fraudulent ACT score of 34. McGlashan made a purported donation of $50,000 from his personal charitable donation fund to Singer’s sham charity. In turn, Singer paid Dvorskiy and Riddell.
Singer, Dvorskiy, and Riddell have pleaded guilty for their respective roles in the scheme.
Under the terms of McGlashan’s plea agreement, the parties have agreed to a sentence, subject to the Court’s approval, of three months in prison, two years of supervised release with 250 hours of community service and a fine of $250,000.
Related Federal Cases
Key Facts
- State: Massachusetts
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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