Bill McGlashan settles allegations in admissions scheme
February 11, 2021
TPG Growth founder Bill McGlashan has reached a settlement with federal prosecutors over allegations of his role in the college admissions scandal that emerged in 2019, agreeing to plead guilty to one count of wire fraud, Axios reported. The settlement reportedly calls for McGlashan to serve three months in prison and pay a $250,000 fine, among other terms. Axios also reported that McGlashan and TPG previously finalized a separation agreement in 2019.