Another piece of Shit in a Suit, friend of Tax Exile Dumbo, Admits his Guilt to buy his Sons Exams?

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Executive admits US college cheating charge

  7 hrs ago


Executive admits US college cheating charge

A former private equity executive who co-founded an investment firm with U2’s Bono has agreed to plead guilty in connection to the US college admissions bribery scheme.

William McGlashan will plead guilty to a single count of wire fraud and honest services wire fraud.

Under a deal with prosecutors, McGlashan has agreed to serve three months in prison, complete 250 hours of community service and also pay a $250,000 (€208,000) fine.

McGlashan (57) was accused of paying $50,000 to have someone correct his son’s ACT answers.

Prosecutors said he also agreed with the admissions consultant at the centre of the scheme, Rick Singer, to pay $250,000 to try to get the teenager into the University of Southern California as a football recruit but didn’t go through with it.

McGlashan has fiercely denied the charges that were made and says he told Singer he didn’t want to participate in the so-called “side door” scheme.

His lawyers have said his son applied as a legitimate candidate and withdrew his application before he was even admitted.

McGlashan, who lives in California, is a former managing partner at TPG Capital who cofounded an investment fund with Bono in 2017.

A hearing on the plea deal has not been scheduled.

If the plea and sentencing agreement is approved, McGlashan will be the 30th parent to plead guilty to charges related to the college admissions case.

Some parents are accused of paying Singer to falsely portray their children as star athletes and then bribe college sports officials to get them admitted as recruited athletes at top universities in the United States.

Others are accused of paying Singer to help cheat on their children’s SAT and ACT exams.

Singer has pleaded guilty to charges including racketeering conspiracy and agreed to work with investigators.

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