Douglas Hodge, former Pimco CEO, was sentenced to nine months in prison and ordered to pay a $750,000 fine for his involvement in the college admissions case (corrects an earlier tweet, which has been deleted, that misstated the fine amount)
BOSTON—Douglas Hodge, the former chief executive of bond giant Pacific Investment Management Co., was sentenced Friday to nine months in prison, the longest sentence to date for any parent charged in the sprawling college-admissions cheating case.
Mr. Hodge, 62 years old, paid a total of $850,000 to the company and charity of the scheme’s ringleader, William “Rick” Singer, as well as to Georgetown’s former tennis coach and a University of Southern California account controlled by an administrator who was also charged in...
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