UPDATE 2-Ex-Hercules Capital CEO and former food exec to plead guilty to U.S. college scam

The former chief executive of specialty finance lender Hercules Capital Inc and a former food manufacturer executive have agreed to plead guilty to charges related to their role in the U.S. college admissions scandal, prosecutors said on Friday. Federal prosecutors in Boston allege that Hercules Capital founder Manuel Henriquez and Michelle Janavs participated in schemes that involved bribery and college entrance exam cheating to help their children gain admission to top schools. Both of the wealthy parents are due to appear in court on Monday to enter their pleas, the same day Douglas Hodge, the former chief executive of bond manager Pimco, is set to also plead guilty for his role in the scheme.