Ex-Pimco CEO’s ‘Guilty’ Starts Frenzied Day in College Scam (2)

Oct. 21, 2019, 6:22 PMUpdated: Oct. 21, 2019, 11:13 PM

Former Pimco CEO Douglas Hodge kicked off a frenetic Oct. 21 in the U.S. college admissions scandal by changing his plea to guilty, followed by three more parents giving up the fight.

On top of that, a Houston man accused of helping the scheme’s mastermind, Rick Singer, sneak a student into the University of Texas as a bogus tennis recruit decided to change his own plea to guilty—and to cooperate with prosecutors.

Hodge was accused of paying Singer $525,000 for bribes to athletic coaches at the University of Southern California and Georgetown University to get three of his kids in ...

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