Roland Martin
@rolandsmartin·1.9M subscribers·31.6K videos
Fallout From College Admissions Bribery Scandal: Hedge Fund CEO And Co-Chair Of Int'l Law Firm Out
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March 14, 2019
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4:32Now PlayingManuel Henriquez has resigned as CEO of Hercules Capital, and private equity firm TPG executive William McGlashan and Willkie Farr & Gallagher co-chairman Gordon Caplan have been placed on leave after they were accused in a scam to help their children get into top colleges.
The three were among 50 people charged in what investigators said was a $25 million bribery scam.
Henriquez, 55, resigned as chairman and CEO of his California-based venture capital firm, according to a company statement, which did not mention the admissions scheme. He was arrested in New York on Tuesday and released on $500,000 bail. Hercules’ shares lost 8.9 percent after the arrest announcement, but were slightly higher on Wednesday.
McGlashan, 55, was placed on indefinite leave, TPG said. He managed TPG Growth, which has invested in companies including Airbnb, Spotify and Uber, and led TPG’s Rise Fund, which is committed to investing for social and environmental good, according to the website. [Read more]
Sen. Doug Jones spoke with Roland Martin during Wednesday's edition of #RolandMartinUnfiltered about the massive college admission bribery scandal.
Watch the 3.13.19 edition of #RolandMartinUnfiltered
#RolandMartinUnfiltered partner: Ford Motor Company
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