According to Pimco, some staff members have been using "legitimate" brain services from a university scandal

(Reuters) – The figure at the center of the scandal of academic fraud in American universities has been the subject of two speeches over the last decade, during events organized by Pacific Investment Management Co (Pimco) , one of the world's largest badet managers, whose former chief executive is trapped, the company said on Friday.

Some Pimco employees also used William 'Rick' Singer's "legitimate college readiness services," Pimco said in a statement.

"However, we have no information that Pimco's employees acted improperly privately," said Pimco.

"Such relations with Mr. Singer are entirely private affairs of individuals. However, Pimco imposes on its employees the highest ethical standards. Thus, any employee convicted of fraud or illegal activity would have no place in the company, the company said.

Singer, who last spoke at a Pimco event in 2015, is accused by the federal authorities of corrupting sports coaches and organizing fictitious testers to secure the places of their clients' children at universities. high level. One of the parents accused of paying Singer in the alleged ploy is Douglas Hodge, former CEO of Pimco, who left the company in 2017.