Ex-TPG Capital Executive to Plead Guilty in College Case
- Bill McGlashan is 30th parent to plead in Varsity Blues Probe
- McGlashan faces three months in prison, $250,000 fine
Bill McGlashan, center, exits federal court in Boston, Massachusetts, on March 29, 2019.
Photographer: Scott Eisen/BloombergThis article is for subscribers only.
Former TPG Capital LP senior executive Bill McGlashan agreed to plead guilty in the U.S. college admissions scandal that had ensnared dozens of high-profile parents
McGlashan, 57, will plead guilty to wire fraud and honest services wire fraud, according to a statement Friday from the U.S. attorney’s office in Boston. He had professed his innocence since he was charged in 2019 and his trial was scheduled to begin later this year. A plea hearing hasn’t yet been set.