Ex-Pimco Chief Hodge Will Plead Guilty in College Scandal

Douglas Hodge, the former Pimco chief accused of using a middleman to cheat his kids’ way into elite colleges, will plead guilty, according to prosecutors.

Hodge, who once led the giant bond manager, Pacific Investment Management Co., is accused of bribing sports coaches at the University of Southern California and Georgetown University. He is one of 35 parents charged in the nationwide scandal.

Brien O’Connor, his lawyer, didn’t immediately return a voice-mail or email seeking comment about the announcement by U.S. Attorney Andrew Lelling in Boston.

The guilty plea is set for Oct. 21.

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