The founder of a collapsed private equity giant who took $100 million from Bill and Melinda Gates was expelled from the Giving Pledge

Founder and Group Chief Executive of The Abraaj Group Pakistani Arif Naqvi speaks during a press conference next to the Executive Director of the International Trade Centre Arancha Gonzalez and Panama Canal Administrator Jorge Quijano (out of frame) during the World Economic Forum on Latin America in Playa Bonita, near Panama City, on April 2, 2014. AFP PHOTO / Rodrigo ARANGUA (Photo by Rodrigo ARANGUA / AFP) (Photo by RODRIGO ARANGUA/AFP via Getty Images) (Credit: RODRIGO ARANGUA - Getty Images)

• The Giving Pledge, a philanthropic initiative launched in 2010 by Bill Gates and Melinda French Gates along with Warren Buffett as a way for the ultrarich to donate the majority of their wealth to charitable causes, has booted an accused fraudster from its ranks.

The Giving Pledge, the charitable donor network connected to the Gates Foundation, has just ousted one of its members.