Faced with accusations mirroring Lori Loughlin’s, ex-Pimco boss to admit to college admissions scam without plea deal

New York Daily News 1 month ago

In a surprise twist, former Pimco CEO Douglas Hodge signaled Thursday he plans to plead guilty in the college admissions bribery case without first reaching a deal with prosecutors.

The wealthy businessman is accused of paying $525,000 to get two of his kids into the University of Southern California as fake soccer and football team recruits in a case that closely mirrors that of “Full House” actress Lori Loughlin.

Loughlin, accused of paying $500,000 to get her two daughters into USC as bogus rowing recruits, is still fighting her fraud and money laundering charges.

One expert said Hodge might be hoping for mercy now that U.S. District Judge Indira Talwani has so far handed down prison terms of five months or less to several parents already sentenced in the scandal.

“It’s very interesting. Everyone usually wants to make a deal with prosecutors first. But sometimes a compromise might not be in their best interest,” James Cohen, a law professor at Fordham University, told the Daily News Thursday.

“Maybe (Hodge) is thinking, ‘I don’t need the government to be on my side. I know my case, the judge is a fair person, and the sentences have all been pretty lenient so far,’” Cohen said.

The professor said it’s also possible Hodge was having trouble reaching a deal because he’s one of the parents who allegedly double-dipped in the scam for a second child.

“There might be an argument from prosecutors that this is a repeat offender,” Cohen said. “It may well be that they wanted aggravation piled onto the sentencing guidelines, and the defense may have said, ‘Oh no. We’ll argue that with the judge.’”

Hodge signaled his forthcoming guilty plea in a notice to the court filed Thursday.

The notice said he’ll appear at 10 a.m. Monday for a new plea hearing before Judge Nathaniel M. Gorton.

“There’s no plea agreement,” a spokeswoman for the U.S. Attorney in Boston told The News.

Hodge is the first parent to change course after initially balking at a guilty plea and then getting slapped with a second money laundering charge on top of the initial conspiracy charges leveled when most of the parents were arrested in March.

Loughlin and her fashion designer husband Mossimo Giannulli are still sticking with their not guilty pleas along with more than a dozen others.


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CNN › 1 month ago
Parents who have pleaded not guilty in the college admissions scam, including Lori Loughlin and her husband Mossimo Giannulli, now face an additional bribery charge, federal prosecutors announced Tuesday.
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Following Felicity Huffman’s sentencing for her role in the college admissions scandal, it looks like Lori Loughlin may end up taking a plea rather than risk going to trial.
New York Daily News › Entertainment › 1 month ago
Actress Lori Loughlin reportedly regrets not taking an early plea deal in the college admissions bribery scandal.
Daily Mail Online › 1 month ago
Lori Loughlin is now facing additional bribery charges for her role in the college admissions scandal. The new charge alleges that Loughlin and her husband conspired to commit federal program bribery.
The Inquisitr › 1 month ago
If she didn’t before, Full House star Lori Loughlin is now feeling the true extent of legal trouble she is in due to her alleged role in the college admissions scandal. Loughlin and her fashion designer husband Mossimo Giannulli were hit with yet...
Business Insider › Lifestyle › 2 months ago
Andrew Lelling, the US attorney for the District of Massachusetts, told Boston station WCVB that Lori Loughlin and her husband, Mossimo Giannulli, should plead guilty in the college admissions scandal. Loughlin and Giannulli are accused of paying the...
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Lori Loughlin's daughers Olivia Jade and Isabella Giannulli are no longer enrolled at the University of Southern California, amid the college admissions scandal. Court documents allege that Loughlin and her husband paid $500,000 to guarantee admission...
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