Former Pimco chief to plead guilty in U.S. college scam case

FILE PHOTO: PIMCO Japan Ltd managing director Douglas Hodge speaks during an interview with Reuters in Tokyo November 10, 2008. REUTERS/Toru Hanai (JAPAN)

BOSTON (Reuters) – Douglas Hodge, the former chief executive of the investment firm Pimco, has agreed to plead guilty to participating in what prosecutors say is the largest college admissions scam uncovered in the United States, according to a court filing on Thursday. Hodge is scheduled to appear in federal court in Boston on Monday […]

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