The former head of bond giant Pimco was sentenced Friday to 9 months in prison for his role in the college admissions scandal.
The former head of bond giant Pimco was branded a “common thief” by a federal judge and sentenced Friday to nine months in prison for his role in the sweeping, who had earlier admitted paying $850,000 in bribes to get four of his seven kids admitted to elite colleges, also had his request to serve out part of his sentence at home turned down by the judge.
“I have in my heart the deepest remorse for my actions,” a teary-eyed Hodge told Judge Nathaniel Groton in Boston. “I do not believe that ego or desire for high social standing drove my decision-making. Rather, I was driven by my own transformative educational experiences and my deep parental love.” Hodge, in his statement, also absolved his children, saying they “did nothing to deserve the consequences they have suffered as a result of my actions.”“Mr. Hodge, your conduct in this whole sordid affair is appalling and mind-boggling,” Groton said. “There is no term in the English language that describes your conduct as well as the Yiddish term chutzpah."Sign Up
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