A federal judge Friday sentenced Douglas Hodge, a former CEO of a major investment management firm, to nine months in prison for paying $850,000 over more than a decade to get four of his children admitted to elite private universities as fake athletic recruits.
It marks the longest prison sentence so far in the nation's college admissions scandal, topping a 6-month sentence handed down to a parent in November.
Hodge, former CEO of Pacific Investment Management Company, Pimco, benefited more from the elaborate admissions scheme led by Rick Singer than any parent sentenced to date in the blockbuster "Varsity Blues" case, prosecutors said.
Before delivering his sentence, U.S. District Judge Nathaniel Gorton made Hodge stand and excoriated the business executive, saying his behavior was "unconscionable and egregious."
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