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Ex-Pimco CEO Douglas Hodge Gets Nine Months in College Admission Scam

  • Prosecutors said Hodge was among the ‘most culpable’ parents
  • Hodge paid $850,000 to win entry for four children, U.S. said
Douglas Hodge, right, arrives at federal court in Boston, Massachusetts, on Feb. 7. 

Douglas Hodge, right, arrives at federal court in Boston, Massachusetts, on Feb. 7. 

Photographer: Scott Eisen/Bloomberg
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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.