BOSTON - Douglas Hodge, the former chief executive of the investment firm Pimco, has agreed to plead guilty to participating in what prosecutors say is the largest college admissions scam uncovered in the United States, according to a court filing on Thursday.
Hodge is scheduled to appear in federal court in Boston on Monday to enter the plea after being charged with engaging in a bribery scheme in order to facilitate the admission of two of his children to the University of Southern California as fake athletic recruits. William “Rick” Singer, the consultant, pleaded guilty in March to charges he facilitated cheating on college entrance exams and helped bribe sports coaches at universities to present his clients’ children as fake athletic recruits.
Huffman reported to prison on Tuesday after she admitted to engaging in the college exam cheating scheme and was sentenced to a 14-day term. Loughlin has pleaded not guilty.
College scam by money manager? What else they do? Should you trust your money to these rogues who subscribe to no moral principles? May be it is like that every where incl our Church? Trust in our society? What kind of life when you trust none? Dog eat dog?
We need research on linkage between wealth leading to power to buy influence to cheat and be proud of ability to cheat.
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