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Former Pimco CEO Hodge handed nine-month prison sentence

Federal judge cites Hodge’s ‘repeated and enduring criminal conduct’ in college admissions case

Douglas Hodge, the former chief executive of the investment firm Pimco, arrives at a Boston courthouse before being sentenced in connection with a nationwide college admissions cheating scheme
Douglas Hodge, the former chief executive of the investment firm Pimco, arrives at a Boston courthouse before being sentenced in connection with a nationwide college admissions cheating scheme Photo: Reuters

Douglas Hodge, the former chief executive of bond giant Pimco, was sentenced Friday to nine months in prison for his role in the sprawling college-admissions cheating scandal that has ensnared more than 50 parents, coaches and others.

Hodge was also ordered to pay a $750,000 fine. In handing down the harshest sentence to date, a federal judge cited Hodge’s “repeated and enduring criminal conduct.”

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