College cheating scandal: Pimco tycoon jailed for 'chutzpah' - BBC News
The former head of a top US investment firm has been sentenced to nine months in prison for his role in the US universities admissions scandal.
Retired Pacific Investment Management Company (Pimco) chief Douglas Hodge paid nearly $1m in bribes to get four of his children into top US colleges.
Hodge has received the longest sentence of the high-profile parents convicted so far.
Prosecutors called him one of the "most culpable" of the 35 parents charged.
In October, Hodge pleaded guilty to money-laundering and fraud.
He paid $850,000 (£660,000) in bribes over a decade to have four of his seven children win places at Georgetown University in Washington DC and the University of Southern California as fake athletic recruits.
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