Welcome

Ex-Pimco CEO Hodge Should Go to Jail for Two Years, U.S. Says

Feb. 4, 2020, 1:13 PM

Former Pimco CEO Douglas Hodge, who admitted paying bribes of more than $625,000 to get his children into the University of Southern California and Georgetown University, should serve two years in prison, federal prosecutors said in a court filing.

Hodge used a corrupt college admissions counselor’s “side door” scheme more often and longer than any of the other 35 parents charged in the scandal, according to the U.S.

Hodge stopped fighting the charges in October when he pleaded guilty to conspiring to commit fraud and to money laundering, saying he was “ashamed” of his conduct. He faces sentencing ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.