Former Pimco CEO sentenced to 9 months in college admissions scandal

Former Pimco CEO sentenced to 9 months in college admissions scandal

Former Pimco CEO Douglas Hodge was sentenced to nine months in prison on Friday for his involvement in the college admissions bribery scandal. Hodge, 62, was sentenced to 500 hours of community service and ordered to pay $750,000 in fines. Hodge allegedly paid bribes in the amount of $850,000 over the course of four years, to help get his four children into college as fake athletic recruits.

KCooper
KCooper
Paul C
Paul C 1 months

There is a story yet to be written about what all these privileged children did after they attended these 'elite' universities. Maybe they are doing productive things out in the world or maybe they are all sitting on boards sucking money out of various corporations a'la Hunter Biden.

Carol
Carol 1 months

"White"-collar crime seldom pays what is due in the US! Poor folk don't stand a chance when "justice" cannot see and is blind when color shows up.

drew
drew 1 months

How is the financial penalty less than the charged bribery amount? Doesn’t seem like much of a deterrent.

Grand Ol Propaganda
Grand Ol Propaganda 1 months

MAGA!! Winning!!!

Grand Ol Propaganda
Grand Ol Propaganda 1 months

Bye Bye duck head!! 🤣🤣🤣

Fin
Fin 1 months

N watch will serve either at home or in a cushy country club setting... The fine doesn't even cover four years of tuitions at one of the many schools he ripped off

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