The former head of asset management firm Pimco faces two years in prison if pros...
- The former head of asset management firm Pimco faces two years in prison if prosecutors get their way when he is sentenced on Friday for his part in a scheme in which privileged parents paid bribes to get their children into U.S. colleges.
While the other 14 defendants received prison terms ranging from one day to six months, prosecutors said Hodge and three others who entered guilty pleas in October deserve stiffer sentences. He tried and failed to offer bribes to get a fifth child into Loyola Marymount University, they said.
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