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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ TPG Executive Director Bill McGraffan fired "due to the cause" of the college enrollment scheme

TPG Executive Director Bill McGraffan fired "due to the cause" of the college enrollment scheme



McGrahman is "terminated due to a cause" after the company reviewed the allegations in a criminal complaint that indicated it, according to a statement from TPG. The company said the firing was "effective immediately". From Tuesday he was on administrative leave

As part of the plot, the parents claim they paid for the College's preparation for a test on behalf of the pupils or for correcting their answers. In addition, the organization bribed college coaches to help students study at college as athletes, the prosecution said. The scandal includes dozens of wealthy parents, coaches, and college professors

McGagan agreed to pay $ 250,000 to participate in the two parts of the scheme, according to the complaint. It is alleged that his son is to be admitted to the University of Southern California. [1

9590036] "[W] believes that behavior is described as unforgivable and contrary to the values ​​of our entire organization," said a TGG statement. McGlashan says he left TPG. In a letter to the board of directors of the company, which was provided to CNN Business by the McGlashan spokesman, he wrote that "the progress we have made is too important to be distracted by the problems that I face personally." [19659003] Even though it broke my heart to write this, I feel that right now is the right thing to pull out of the TPG Growth and Growth Fund, "McGlashan wrote. "As you can imagine, my main concern at this point is for my family. I will also focus on examining the allegations that have been presented, and there are some aspects of the story that still have to appear that I would like to share.

McGlashan is founder and serves as managing partner of TPG Growth, which invests in companies such as Airbnb, Spotify and Uber. He also launched the TPG Enhancement Fund, which has partnered with Bono and focuses on investments that promote environmental and social wellbeing. correct your son's responses to ACT. His son eventually received 34 of the possible 36, the complaint said.

McGuang, whose conversations were tapped, was also accused of working with college training for the so-called admission to the side door plot. This includes creating a fake athletic profile for his son, who will be portrayed as a football kicker. This will allow the USC to accept it as a recruiter according to court documents.

In August 2018, during a recorded conversation with a co-conspirator identified as Cooperating Witness-1, McGraant agreed to look for a picture of his

"Okay, okay. Let me see what I have. Very funny. The way the world is working nowadays is incredible, "McGlashan said. He repeatedly wanted to keep the scheme hidden from his son.


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