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Pimco says some staff used ‘legitimate’ services of college scandal mastermind

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The figure at the center of the U.S. college cheating scandal spoke twice in the past decade at events hosted by Pacific Investment Management Co (Pimco), one of the world’s largest asset managers whose former chief executive is ensnared in the fraud, the company said on Friday.

Some Pimco employees also used William ‘Rick’ Singer’s “legitimate college prep services,” Pimco said in a statement.

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“We have no information at this time, however, to indicate Pimco employees acted improperly in their private capacity,” Pimco said.

“Any such relationships with Mr. Singer are entirely the private affairs of individuals. However, Pimco holds its employees to the highest ethical standards, so any employee found to have engaged in fraud or any illegal activity would have no place at the firm,” the firm said.

Singer, who last addressed a Pimco event in 2015, is accused by federal authorities of bribing athletic coaches and arranging for phony test-takers to secure clients’ children spots at elite universities. One of the parents accused of paying Singer in the alleged scheme is Douglas Hodge, Pimco’s former CEO, who left the company in 2017.

Reporting by Jennifer Ablan; writing by Dan Burns; editing by Bill Berkrot


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75 years ago: When atomic scientist Leo Szilard tried to halt dropping bombs over Japan

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As this troubled summer rolls along, and the world begins to commemorate the 75th anniversary of the creation, and use, of the first atomic bombs, many special, or especially tragic, days will draw special attention.  They will include July 16 (first test of the weapon in New Mexico), August 6 (bomb dropped over Hiroshima) and August 9 (over Nagasaki).   Surely far fewer in the media and elsewhere will mark another key date:  July 3.

On July 3, 1945, the great atomic scientist Leo Szilard finished a letter/petition that would become the strongest (virtually the only) real attempt at halting President Truman's march to using the atomic bomb--still almost two weeks from its first test at Trinity--against Japanese cities.

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‘Insane’: Park ranger shoots unarmed man through his heart and then handcuffs his dead body

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A ranger at Carlsbad Caverns National Park tased and then fatally shot a man during a New Mexico traffic stop and then handcuffed his lifeless body.

Charles "Gage" Lorentz was traveling March 21 from his work site in Pecos, Texas, to his family's home in southwest Colorado when he detoured at the national park to meet a friend, and that's where he encountered National Park Ranger Robert Mitchell, reported KOB-TV.

The ranger stopped the 25-year-old Lorentz for speeding on a dirt road near the park's Rattlesnake Springs area, and Mitchell's lapel video shows him ordering Lorentz to spread his feet and move closer to a railing.

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Former Trump administration official refers to a renowned Black scholar as ‘some criminal’

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President Donald Trump's former Attorney General Jeff Sessions referred to renowned Black Harvard scholar Henry Louis Gates Jr. as "some criminal" in an interview with The New York Times Magazine.

Sessions, one of Trump's earliest supporters who was later fired after years of attacks from the president, is currently attempting to reclaim his old Senate seat in Alabama. Sessions has desperately tried to tout his Trumpist credentials on the campaign trail, even as the president has waged a campaign aimed at sabotaging his primary bid.

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