He believes in ethical investing, but not with respect to his son's college.
One of the richest parents in the world, a victim of a university college fraud scandal, is a hedge funder once praised as an ethical investment model.
But that would not have prevented him from paying $ 300,000 to illegally buy his son's way to USC – and then preserve the truth of his offspring.
Now Bill McGlashan Jr., 55, has been put on "unlimited administrative leave from now" after his work at the TPG Growth investment firm, the company said Wednesday.
McGlashan also serves on the board of founders – along with humanitarian rocker Bono – of The Rise Fund, an investment firm that claims to have "a deep personal and professional commitment to driving social and environmental change," according to its website.
He is accused of making a fictional donation of $ 50,000 from his personal charity to another charity led by William Singer to falsify his son's ACT test results and obtain photos. from his Photoshopped son so that this boy will appear as an athlete star player.
Then he paid $ 250,000 more to the school to allow his child to open at the door, according to court documents.
The ethical investor has also found ways to preserve the truth of his son.
"Is there a way to do this without him knowing what happened?", He asked one of Singer's friends when he was there. a phone call registered by the federal government.
The witness suggested telling his son that the school would help him because he is an athlete, but McGlashan retorted, "But I can not say that in front of [my son]Because he knows he is not.
And so Singer tried to put the boy in the most imaginable position for a skinny kid: the football kicker.
"I'm going to make him a kicker / scorer and they will guide him through football," Singer said.
"Funny enough, the way the world works these days is amazing," McGlashan mocked.