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

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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.

 

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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!

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