Douglas Hodge, who led the Pacific Investment Management Company, agreed to use Rick Singer's college admissions "side-door" scam for five of his children, paying bribes totaling $850,000 over the course of a decade, according to prosecutors. Prosecutors had asked that he be sentenced to 24 months in prison. By comparison, actress Felicity Huffman was sentenced to just two weeks in prison for her admitted role in the scam. Douglas Hodge, former CEO of PIMCO, exits federal court on October 21, 2019, in Boston. Hodge also lied to the IRS by deducting these bribe payments from his income taxes as purported charitable donations, prosecutors said in a sentencing memo.

Source: CNN February 07, 2020 17:42 UTC