PIMCO Stung by College Admissions Scandal

       Give the chief perp of the admissions scandal credit for chutzpah: he knew a target when he saw one.  In this case, chief executives of ALLIANZ group subsidiary PIMCO of Newport Beach, California.  William "Rick" Singer was able to weasel his way into the company by offering "assistance" to executives who deemed his services of advice when applying to top tier universities who be just the thing to satisfy the parents' desires to enroll their offspring into 'appropriate' campuses around the USA.  Former CEO of PIMCO, Douglas Hodge, was charged along with dozens of other parents in the federal investigation dubbed Varsity Blues.   It has become the largest diversion at PIMCO since the departure of Bill Gross in 2014.   Mr. Hodge has pleaded not guilty and will defend his position.  Many others, including Mr. Singer have pleaded guilty as charged.  Mr. Hodge stepped down as chief executive and was replaced by Emmanuel Roman who has made efforts to cope with fallout from the ongoing investiagtion.  many current employees attest to the fact that the investigation has been a diversion for them on the job.