(Reuters) – Regulation company Willkie Farr & Gallagher mentioned on Wednesday it had positioned co-Chairman Gordon Caplan on a depart of absence following fees involving a U.S. school fraud scheme.
“The company will proceed to be controlled by means of its Chairmen, Steven Gartner and Thomas Cerabino, and its Govt Committee,” the U.S. company mentioned in a commentary.
Federal government arrested dozens of other folks on Tuesday for a $25 million scheme to lend a hand rich American citizens, together with actors Felicity Huffman and Lori Loughlin and a few CEOs, cheat their youngsters’s means into elite universities, comparable to Yale and Stanford.
Caplan’s maximum outstanding shopper is Canadian division retailer chain Hudson’s Bay Co, which additionally owns the Saks 5th Road luxurious store.
HBC declined to remark.
Reporting by means of Joshua Franklin in New York; Enhancing by means of Phil Berlowitz and Lisa Shumaker