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Charles Schwab’s charitable giving arm just got dragged into the college admissions scandal

William McGlashan Jr., a former Executive at TPG private equity firm facing charges in a nationwide college admissions cheating scheme, leaves the federal courthouse in Boston, Massachusetts, U.S., March 29, 2019.

  • The college-admissions scandal has entangled celebrities and big finance names. And now, thanks to new court filings, Charles Schwab’s charitable business is also being dragged into the drama.
  • Bill McGlashan, the founder and former managing partner of high-profile private equity firm TPG Growth, said in a court filing on Wednesday that it was through Schwab‘s charitable business that he made a donation to college admissions scandal mastermind RIck Singer.
  • In court filings defending himself against charges of fraud and bribery, McGlashan said Schwab “independently vetted and approved” the non-profit of Singer, who was found by law enforcement officials to have read more >>>

    Source:: BusinessInsider.Com