By Nate Raymond and Jonathan Stempel BOSTON (Reuters) -A U.S. appeals court on Monday upheld the conviction of a former senior executive at the private equity firm TPG Capital for participating in a vast U.S. college admissions fraud scheme by paying $50,000 to rig his son's college entrance exam results. The 1st U.S. Circuit Court of Appeals in Boston rejected William McGlashan's argument that the indictment against him should have been dismissed because inflated ACT test scores cannot support the wire fraud charge underlying his conviction.

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