Fort Worth investor fired after being implicated in college admissions scheme

[TexasTowelie]

A founder and managing partner of the Fort Worth-founded company TPG Growth was fired after being implicated in the massive university admissions scandal.

Bill McGlashan, along with more than 40 other people, was charged with conspiracy to commit mail fraud and accused of participating in an exam cheating and athletic recruitment scheme to get their children into elite universities. Actresses Felicity Huffman and Lori Loughlin were also charged in the scheme, according to the charging documents.

On Thursday, McGlashan released a statement that he was resigning from his position as a leader in the company.

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TPG Growth, previously known as Texas Pacific Group, was founded in Fort Worth and now has headquarters in San Francisco. According to the technology news website Recode, McGlashan is known as one of Silicon Valley’s most prominent private equity investors and a leader in how to invest ethically.

Read more: https://www.star-telegram.com/news/local/education/article227823674.html

[HopeAgain]

1. Hypocrites

Go down the hardest.