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The Upside of Pleading Guilty in the College Admissions Scam (2)

Oct. 21, 2019, 12:00 PMUpdated: Oct. 21, 2019, 5:36 PM

Former Pimco CEO Douglas Hodge pulled the trigger. So did Hercules Capital founder Manuel Henriquez and Michelle Janavs of the Hot Pockets family food empire.

In the space of 22 hours late last week, the U.S. revealed that the three would change their pleas to guilty in the biggest college admissions scam it has ever prosecuted. On Monday morning, Hodge entered his new plea. The others, plus Henriquez’s wife, Elizabeth, are due in federal court in Boston in the afternoon.

That’s after they spent months planning their defense to fraud and money-laundering conspiracy charges that could send them to prison ...

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