In March 2019, Rick Singer pled guilty to federal charges-including racketeering conspiracy, money laundering conspiracy, conspiracy to defraud the United States, and obstruction of justice-for his role in what was widely-publicized as the 'Varsity Blues' college admissions scheme.
Consultants possess unique strategic and operational expertise that can provide significant advantages when evaluating and investing in private equity opportunities. Their analytical skills and industry knowledge create a foundation for making informed investment decisions.
It's not all totally destructive or anything like that, but compared to what these people could do, if they would take on some of the biggest challenges, the opportunity costs are massive.
The shake-up at EY under new CEO Janet Truncale aims to enhance collaboration across the firm's international network and streamline global operations.
McKinsey accepted responsibility for its role in the opioid crisis, agreeing to pay $650 million over five years to resolve a DOJ investigation, with a former executive pleading guilty.