Bloomberg Law
Feb. 7, 2020, 7:31 PM

Ex-Pimco CEO Hodge Gets 9 Months in College Admissions Scam (3)

Janelle Lawrence
Janelle Lawrence
Bloomberg News

Douglas Hodge, the former Pimco chief who once safeguarded the retirement savings of millions of Americans, was sentenced to nine months in prison for paying $850,000 in bribes to get four of his children into USC and Georgetown as phony soccer and tennis team recruits.

The sentence, pronounced Friday in federal court in Boston, is the longest yet for a parent in the biggest college admissions scandal the U.S. has ever prosecuted. Hodge is the 14th parent to be sentenced.

“I have counseled my children to listen to that inner voice that tells them right from wrong,” Hodge told ...

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