Ex-Pimco CEO Seeks Leniency in College Admissions Case (Correct)

Former Pimco Chief Executive Officer Douglas Hodge cited donations of roughly 60% of his pay over four years in asking for a lenient sentence on charges that he paid bribes to get his children into the University of Southern California and Georgetown University.

Hodge pleaded guilty in October to fraud and money-laundering charges, admitting he paid hundreds of thousands in bribes to a corrupt college admissions counselor, Georgetown’s tennis coach and others. Federal prosecutors in Boston called him one of the “most culpable” of the 36 parents charged in the college admissions scandal and recommended he be sentenced to ...