Former Calif. PE Exec To Cop To 'Varsity Blues' Fraud Charge

Law360 (February 5, 2021, 11:39 PM EST) -- An ex-senior executive at a San Francisco-based private equity firm has agreed to plead guilty to a wire fraud charge stemming from his involvement in the "Varsity Blues" college admissions case, according to a plea agreement filed Friday in Massachusetts federal court.

William E. McGlashan Jr., 57, will plead guilty to one count of wire fraud and honest services wire fraud. Under the deal, prosecutors dropped three other charges they'd initially brought against him, including money laundering and bribery.

McGlashan is the former managing partner of TPG Capital's platform TPG Growth, according to his case. McGlashan also cofounded the Rise Fund,...

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