Beverly Hills real estate mogul sentenced in college admissions scandal dies by suicide
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LOS ANGELES — The U.S. attorney for the Central District of California announced that Beverly Hills real estate mogul William McGlashan, the founder and chairman of the McGlashan Group, died by suicide on Dec. 27.
It was reported that McGlashan had been battling depression for some time, but had recently taken steps to overcome the illness, including a suicide attempt. He was 62.
The statement said, “The California Department of Justice today charged William McGlashan with one count of making a false statement relating to a UFED Form I-20, and one count of making a false statement relating to a UFED Form I-485, both felonies that carry a maximum penalty of five years in prison. The charges stem from his filing of documents in which he falsely denied during his interview for a position as a student-aid counselor in the fall of 2010 that he had ever been involved with any form of criminal activity.”
This comes on the heels of revelations by college admissions officials that they accepted around 20,000 applicants for admission to their schools by falsely claiming that they had attended a top university. They also admitted to submitting $25 million in fraudulent FAFSA and I-20 paperwork.
McGlashan was the founder of the McGlashan Group and the president of the Beverly Hills Education Foundation. In 2011, he was convicted of defrauding thousands of students by creating a phony college-admission network that he used to cheat them out of their rightful share of a $36 million endowment and money for the college-admission process.
Earlier this month, William McGlashan died by suicide. He was 62.
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He grew up in South Africa. The son of a British Army officer, he grew up in the United Kingdom. He had many jobs including working on a London television show, running a travel business and working on his father’s construction business before founding the McGlashan Group and the Beverly Hills Education Foundation.
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