The Anatomy of Public Corruption

Showing posts with label Admission Scandal. Show all posts
Showing posts with label Admission Scandal. Show all posts

Gordon Caplan, the New York-based co-chair of international law firm Willkie Farr & Gallagher

Gordon Caplan of Willkie Farr & Gallagher. Photo: Carmen Natale/ALM 

Gordon Caplan, the New York-based co-chair of international law firm Willkie Farr & Gallagher and The American Lawyer’s 2018 Dealmaker of the Year, has been named as a defendant in a nationwide college admissions scandal.

In a press conference held Tuesday, U.S. Attorney for the District of Massachusetts Andrew Lelling named Caplan among nearly 50 defendants charged for their alleged role in a nationwide scheme to manipulate the U.S. college admissions system. Among the defendants: Actresses Lori Loughlin and Felicity Huffman—wife of actor William H. Macy—best known for her roles on "Desperate Housewives" and "Transamerica."

Participants from several states—including Florida, New York, Texas, California and Connecticut—allegedly faked test scores, took college exams for students, bribed coaches and created fake profiles to improve applicant's chances of gaining admission by making them appear to be athletes. According to Massachusetts prosecutors, wealthy parents hired defendant William Singer to bolster their children's chances of college admission.

As for Caplan, the complaint against him alleges he gave $75,000 to an organization that paid bribes to college officials and others involved in the scheme.

Read the allegations against Caplan, beginning on page 22 





Court filings claim the attorney unknowingly communicated with a participant covertly working with investigators and asked for for assurance that the scheme worked. According to the charging document, that participant told Caplan the group had served nearly 800 other families, and the two allegedly shared a laugh over the arrangement’s repeated success.

Willkie’s website lists Caplan as the is firm's co-chairman, a member of its executive committee, and partner in its private equity practice group and corporate and financial services department. Its bio touts Caplan's experience “representing equity sponsors as well as public and private companies on a spectrum of corporate matters, including private equity financings, public securities offerings” and more.

Caplan has also garnered prestigious industry nods. In March 2018, he was named to The American Lawyer's “Dealmakers of the Year” list for his representation of Hudson's Bay Co. in “a series of interlocking cross-border transactions that breathed new life” into the company's business.

But his latest turn in the spotlight came at a press conference by law enforcement officials from the Internal Revenue Service, FBI and the U.S. Attorney for the District of Massachusetts.

The complaint filed in the U.S. District of Massachusetts alleges that between 2011 and 2018, parents “paid approximately $25 million to bribe coaches and university administrators to designate their children as purported recruited athletes, or as members of other favored admissions categories, thereby facilitating the children’s admission to those universities.”

It alleges defendant Singer used his connections to athletic programs and coaches around the country via  his companies The Edge College & Career Network and the Key Worldwide Foundation in Newport Beach, California. Besides providing Singer a front for bribery scheme, prosecutors allege these organizations o facilitated money laundering.

An assistant who answered Caplan's phone number at the firm on Tuesday said only "no comment." A spokeswoman for Willkie wasn't available to comment. The firm's chairman, Steven Gartner, did not immediately reply to an email message seeking comment about Caplan.
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Teacher Retirement System of Texas TPG, Apollo co-invests lead Texas Teachers 2016

from PE Hub

LP Scorecard: TPG, Apollo co-invests lead Texas Teachers 2016


Teacher Retirement System of Texas brought in more than $125.8 million in capital distributions from its 2016 investments. That year, the pension committed to 22 PE funds, the most within one year. All told, in 2016 Texas TRS committed more ...

The real story about TPG Growth begins with the arrest of their co-ceo 
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Robert (“Bob”) Zangrillo is the Founder, Chairman and CEO of Dragon Global

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https://www.crunchbase.com/person/bob-zangrillo#section-overview
Bob Zangrillo
Chairman and CEO



Robert (“Bob”) Zangrillo is the Founder, Chairman and CEO of Dragon Global. Zangrillo is a veteran investor and executive in eCommerce, Data-Driven Businesses, Entertainment Media, Mobility, and Social Networking Sectors. His talents for providing significant financial returns for his investors and building teams dedicated to delivering leading industry solutions are widely known. Over the last several years, Zangrillo has diversified into commercial real estate development in Miami, where he has led investments in over 20+ acres of projects in Wynwood, Little River and on the Miami River. He is also is the co-founder of the Magic City Innovation District.
Over the last eight years, Zangrillo has built Dragon Global into one of the leading venture growth firms based on his track record of investing in the leading technology growth companies, including but not limited to Didi Chuxing, Facebook, Jet.com, Twitter, and Uber Technologies. Zangrillo has over twenty-five years of experience in venture capital with a remarkable track record. He has been a pioneer in the venture growth investment area where he has led some of the largest primary and secondary investments. Zangrillo was one of the earliest late stage venture growth investors in Facebook. During the period from 2008-2012, Zangrillo became one of the largest late stage investors in Facebook, through multiple predecessor funds, leading to his founding of Dragon Global.
Zangrillo was both one of the early visionaries to recognize the enormous potential of social media in 2008 and Internet commerce in 1995 and how they both would transform the way business is conducted in the new global economy. Over the last twenty-five years, Zangrillo has been a prominent figure in the Internet community, with significant roles as a Chairman, CEO, venture capital investor, active executive director and advisor to high-growth companies.
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