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A leading proponent of “ethical” investing in Silicon Valley allegedly participated in the college admissions scandal that was uncovered by the Department of Justice this week.
According to a report from Recode, Silicon Valley investor Bill McGlashan allegedly made a $250,000 payment to the University of Southern California to help his son gain admission. As part of the scheme, McGlashan would pretend that his son was a recruit for USC’s football team. With the help of mastermind William “Rick” Singer, McGlashan is accused of crafting a fake athletic profile for his son.
Fraud - McGlashan - Parent - Scheme - Singer
The fraud didn’t stop there. McGlashan, who is arguably the most powerful parent that participated in the alleged scheme, also allegedly paid Singer $50,000 to modify his son’s standardized test score. Singer allegedly deployed a series of methods to achieve the test scores that his clients desired. In some cases, Singer encouraged the students to persuade...
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