Former investment executive gets 3 months in college scam

  • 📰 ABC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

A former private equity executive has been sentenced to three months in prison for his role in the college admissions bribery scheme.

Fashion designer Mossimo Giannulli was released from federal prison early after serving time for his role in the college admissions scandal.BOSTON -- A former private equity executive who cofounded an investment fund with U2′s Bono was sentenced Wednesday to three months in prison for his role in the college admissions bribery scheme.

McGlashan, a former TPG Capital senior executive, admitted in February to paying $50,000 to have someone secretly correct his son’s ACT answers. McGlashan, of California, worked with the U2 star Bono and Jeff Skoll, the first president of internet auction site, to launch a social impact fund called the Rise Fund, which says it “invests in companies driving measurable social and environmental impact.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

3 months?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 471. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines