Bill McGlashan Resigns From Tpg, The Rise Fund As College Admissions Case Develops

  • The Wrap
Bill McGlashan, co-founder and managing partner at Tpg Growth, has resigned from his post at Tpg and The Rise Fund, he wrote in an email to board members on Thursday.

McGlashan’s departure comes after he was arrested in connection in a nationwide college admissions cheating case. Tpg placed McGlashan on administrative leave on Tuesday.

McGlashan was one of 46 people arrested, including former “Desperate Housewives” star Felicity Huffman and “Full House” actress Lori Loughlin, as part of an on-going FBI investigation code-named “Operation Varsity Blues.”

On Wednesday, Stx CEO Robert Simmonds sent an email to staff announcing that McGlashan would step down from the company’s board of directors. He and Simmonds co-founded the entertainment company in 2014.

Also Read: CAA Owner Tpg Puts Co-Founder Bill McGlashan on Leave After Arrest in College Admissions Scandal

According to prosecutors, McGlashan spent $250,000 on illegal schemes to get his son admitted to college — including
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