College admissions scandal: ex-CEO of investment firm gets longest prison sentence yet

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Douglas Hodge, former chief executive of Pimco, sentence to nine months over bribes totaling $850,000

The former head of the asset management firm Pimco was sentenced on Friday to nine months in prison for his part in a scheme in which privileged parents paid bribes to get their children into US colleges, federal prosecutors said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Now he should go to a real prison -not a Federal country club

I can’t get an answer here. Maybe you can WHO/WHAT gets all the money that is ‘fined’ when it is paid? Into what coffer(s) does so much money go? It’s ‘always’ levied; always paid. Who gets it?

good!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in BUSİNESS

Business Business Latest News, Business Business Headlines