John B Wilson

Investment management firm Franklin Templeton removed investor John B. Wilson from its board of directors after he was among dozens of people indicted by the FBI on Tuesday in an alleged college admissions bribery scheme.
Wilson served as the lead independent trustee of 112 portfolios in the fund complex of Franklin Templeton Funds. He was also the designated financial expert of Franklin Funds’ audit committee.

Franklin Templeton, one of the world’s largest asset managers, removed investor John B. Wilson from its board of directors, a company spokesperson confirmed, after he was among dozens of executives and Hollywood stars indicted by the FBI in an alleged college admissions bribery scheme.

Wilson served as the lead independent trustee of 112 portfolios in the fund complex of Franklin Templeton Funds. He was also the designated financial expert of Franklin Funds’ audit committee. Wilson had been named a trustee of Franklin Funds since 2006 and lead independent trustee since 2008.

Wilson is also the president and CEO of Hyannis Port Capital, a consulting and private-equity firm investing in micro-cap private companies. The company didn’t reply to a request for comment from Business Insider.

In the recently unveiled college bribery scheme, Wilson was accused of conspiring …read more


Source:: Businessinsider – Finance

      

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