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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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New Jersey Governor unloads on ‘pathetic’ Blue Dog Dem switching parties: ‘He put politics over the constitution’

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New Jersey Governor Phil Murphy blasted Rep. Jeff Van Drew (D-NJ) for being "pathetic" after reports he would become a Republican.

Murphy, a Democrat, was interviewed by MSNBC's Yasmin Vossoughian on Sunday.

"I think it's ridiculous," Murphy said.

'He put politics over the constitution," he continued. "He's trying to be cute instead of being courageous."

"I think it's outrageous. this is a guy who is trying to find a path to get re-elected to Congress, not trying to find a path to do the right thing," Murphy said.

and we've seen it all over new jersey, all around the country, folks who stand up with conviction and courage and state their case more often than not, far more often enough folks say notwithstanding how tense and passionate this discussion is, they get credit for that, as opposed to cutting and running.

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2020 Election

Rep Ocasio-Cortez blasts complexity of health care marketplace: ‘No one should go through this’

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Rep. Alexandria Ocasio-Cortez blasted the complexity of the health care marketplace on the day of the deadline to sign up for 2020 coverage.

Health care has been a major topic in the 2020 Democratic primary, with some moderate candidates defending the Affordable Care Act passed under President Barack Obama, while progressive candidates push for Medicare for All.

"Members of Congress also have to buy their plans off the exchange," she explained. "That means I get to 'choose' [between] 66 complex financial products."

"This is absurd. No person should go without healthcare, and no one should go through this, either," she argued.

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Hallmark Channel reverses course and apologies for caving to anti-LGBTQ group

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The Hallmark Channel reversed course after a boycott resulted from the network caving to an anti-LGBTQ group.

On Saturday, #BoycottHallmark trended on Twitter nationwide after the network refused to show ads featuring two women kissing after being married.

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