Former Exec Will get 9-Month Time period in Admissions Scandal


Douglas Hodge, former chief government of bond big Pacific Funding Administration Co., was sentenced to 9 months in jail, the longest sentence thus far for any father or mother charged within the college-admissions dishonest case, reports the Wall Street Journal. Hodge, 62, paid $850,00zero to the corporate and charity of the scheme’s ringleader, William “Rick” Singer, in addition to to Georgetown’s former tennis coach and a College of Southern California account managed by an administrator who was additionally charged within the case. His tab was the biggest of the 36 mother and father charged.

“Mr. Hodge, your conduct on this entire sordid affair is appalling and mind-boggling,” mentioned U.S. District Decide Nathaniel Gorton. “There isn’t a time period within the English language that describes your conduct in addition to the Yiddish time period of chutzpah.” The decide mentioned he would have imposed a one-year time period, however that he gave Hodge credit score for his previous philanthropic works. He additionally imposed a $750,00zero high quality, two years of supervised launch and 500 hours of group service. Gorton cited Hodge’s “repeated and enduring prison conduct” and mentioned he and different mother and father brought on hurt to “your complete system of upper training on this nation.” Hodge pleaded responsible to costs of fraud conspiracy and money-laundering conspiracy and admitted to working with Singer over greater than a decade to fit 4 youngsters into faculties as purported athletic recruits, even after they weren’t aggressive gamers.