UPDATE 3-'Full House' actress out on bond after U.S. college entrance scam exposed

"Full House" actress Lori Loughlin appeared in federal court in Los Angeles on Wednesday accused of taking part in a sprawling scheme exposed this week in which wealthy parents paid for their children to cheat their way into elite U.S. colleges.

U.S. Magistrate Steve Kim ordered Loughlin released from federal custody on $1 million bond following a brief hearing. Douglas Hodge, the former chief executive of the investment firm Pimco and another of the 33 parents charged in the $25 million scam, also appeared in a Boston court on Wednesday. A magistrate judge released him on $500,000 secured bond and overruled a federal prosecutor's objection to Hodge keeping his passport.

Loughlin and Hodge are among 50 people charged with taking part in the largest such scandal in U.S. history, which prosecutors said steered graduating high school students into elite universities, including Yale, Georgetown and Stanford, by cheating the admissions process. (Writing by Jonathan Allen; editing by Scott Malone, Bill Berkrot and James Dalgleish)

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