Operation Varsity Blues

Accused college bribery parent stripped of millions of dollars

Illustration of Bill McGlashan buried under a stack of legal binders.
Illustration: Aïda Amer/Axios

Private equity investor Bill McGlashan, already facing criminal charges for his alleged role in the college bribery scandal, now stands to lose tens of millions of dollars.

  • Axios has learned that McGlashan's former employer, TPG Capital, will deny him all vested and unvested interests in funds whose portfolio companies include Airbnb and Uber.
  • McGlashan's attorney was informed of the decision earlier today, as were TPG employees and members of its limited partner advisory committees.

The bottom line: Expect a lawsuit.

The next phase of the college admissions scandal

Not all the accused college admissions rigging parents are going gentle into that good night, even as federal law enforcement turn up the pressure on their children.

Not all the accused college admissions rigging parents are going gentle into that good night, even as federal law enforcement turn up the pressure on their children.

The big picture, from The Chronicle of Higher Ed: "[I]n the wake of the Operation Varsity Blues scandal, many wonder whether the most elite institutions are more concerned with perpetuating privilege than contributing to the public good.”