Feb 7, 2020 - Economy & Business

Former Pimco CEO sentenced to 9 months in prison in college admissions scandal

Former chief exectuive of Pimco Douglas Hodge. Photo: Leonard Ortiz/Digital First Media/Orange County Register via Getty Images

The retired chief executive of Pacific Investment Management, Douglas Hodge, was sentenced to nine months in prison for what a federal judge presiding over the case called "repeated and enduring criminal conduct" in the sprawling college admissions scandal, the Wall Street Journal reports.

Why it matters: Hodge's "tab was the largest of any parent charged," and his sentencing is the harshest so far in the scandal that involves about 50 parents and college coaches across the country, per the Journal.

The state of play: Hodge paid the scheme's ringleader Rick Singer $850,000, as well as Georgetown's former tennis coach and the University of South California, per the Journal. Hodge's case is broader than the other parents involved because he pushed for at least four of his seven children to get into elite schools as athletic recruits over the course of about 10 years, the New York Times writes.

  • He pleaded guilty in October to charges of fraud conspiracy and money-laundering conspiracy.
  • Hodge has been ordered to pay a $750,000 penalty.
  • 20 parents have pleaded guilty and 14 have been sentenced so far in the case, including actress Felicity Huffman, the New York Times notes.
  • 15 parents pleaded not guilty, including actress Lori Loughlin.

Go deeper...Timeline: The major developments in the college admissions scandal

Go deeper

Twitter fact-checks Chinese official's claims that coronavirus originated in U.S.

Chinese Foreign Ministry spokesman Zhao Lijian. Photo: Greg Baker/AFP via Getty Images

Twitter slapped a fact-check label on a pair of months-old tweets from a Chinese government spokesperson that falsely suggested that the coronavirus originated in the U.S. and was brought to Wuhan by the U.S. military, directing users to "get the facts about COVID-19."

Why it matters: The labels were added after criticism that Twitter had fact-checked tweets from President Trump about mail-in voting, but not other false claims from Chinese Communist Party officials and other U.S. adversaries.

Podcast: Trump vs. Twitter, round two

President Trump is escalating his response to Twitter’s fact check of his recent tweets about mail-in voting, issuing an executive order that's designed to begin limiting social media's liability protections. Dan digs in with Axios' Margaret Harding McGill.

Go deeper: Twitter vs. Trump... vs. Twitter

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 12:30 p.m. ET: 5,731,837 — Total deaths: 356,606 — Total recoveries — 2,376,542Map.
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  3. Congress: Pelosi slams McConnell on stimulus delay — Sen. Tim Kaine and wife test positive for coronavirus antibodies.
  4. Business: U.S. GDP drop revised lower to 5% in the first quarter — 2.1 million Americans filed for unemployment last week.
  5. States: New York to allow private businesses to deny entry to customers without masks.
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Updated 1 hour ago - Politics & Policy