Here are the high-flying financiers charged in the college-admissions cheating scandal
- The Department of Justice on Tuesday charged 50 people with participating in a scheme to get students into colleges by cheating on entrance exams or bribing athletic coaches.
- The parents charged include Hollywood stars, as well as executives at prominent companies, venture-capital firms, and law offices.
The Department of Justice on Tuesday unsealed documents charging dozens of people with participating in a nationwide college-admissions scam.
Among those parents indicted by the FBI are high-flying executives, wealthy real-estate developers and famed Hollywood stars. A slew of financiers were also named in the case, from Douglas Hodge, the former Pimco CEO, to Manuel A. Henriquez, Hercules Capital's CEO, and William McGlashan, a TPG managing partner.Read more: Hollywood actresses and business leaders are accused of paying to get their kids into elite colleges by cheating on exams and faking athletic skills. Here's how investigators say the scheme worked.
High-ranking schools like Georgetown, Stanford, University of California, Los Angeles, Yale, University of Texas, University of Southern California and Wake Forest also appeared in the indictment, court document shows. Federal prosecutors said the systematic scheme of bribery lasted over eight years from 2011 to 2019.
There were a number of finance executives charged. Business Insider has reached out to all of them for comment and will update this story if we hear back.