October 17, 2019 / 8:16 PM / a month ago

Former Pimco chief to plead guilty in U.S. college scam case

BOSTON, Oct 17 (Reuters) - 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 in March with paying bribes to facilitate his younger daughter’s admission to the University of Southern California. (Reporting by Nate Raymond in Boston Editing by Chris Reese)

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