Actress Lori Loughlin and her husband Mossimo Giannulli has been indicted by a federal grand jury in Boston on money laundering charges, as part of the college admissions bribery case.
Laughlin and her husband were arrested last month as part of operation “Varsity Blues,” an investigation into a large number of well-heeled parents who bribed their children’s way into high-end colleges.
The Department of Justice investigation alleges that dozens of wealthy parents gave millions to William “Rick” Singer, 58, for his assistance in arranging for students to get fake higher test scores, or to get placed at high-end colleges through fake spots on school sports teams.
According to The Wrap:
Loughlin and Giannulli, who were arrested last month on a criminal complaint, are charged with conspiring with William “Rick” Singer, 58, of Newport Beach, Calif., and others to bribe SAT and ACT exam administrators to allow a test taker to secretly take college entrance exams in place of students, or to correct the students’ answers after they had taken the exam. They are also charged with bribing university athletic coaches and administrators to facilitate the admission of students to elite universities as purported athletic recruits.
The second superseding indictment also charges the two with conspiring to launder the bribes and other payments in furtherance of the fraud by funneling them through Singer’s purported charity and his for-profit corporation, as well as by transferring money into the United States, from outside the United States, for the purpose of promoting the fraud scheme.
The two are charged with one count each of conspiracy to commit mail and wire fraud and honest services mail and wire fraud, and conspiracy to commit money laundering.
Government filings say that Loughlin and her husband “agreed to pay bribes totaling $500,000 in exchange for having their two daughters designated as recruits to the USC crew team — despite the fact that they did not participate in crew — thereby facilitating their admission to USC.”
Loughlin and her Youtube star daughter have lost millions in acting and endorsement deals.
The Hallmark Channel cut ties with the actress after she was arrested for her alleged part in the college admissions/bribery scandal unveiled by the DOJ.
There was fallout for one of the actress’s daughters, as well. Loughlin’s daughter, Olivia Jade, a popular YouTube “influencer,” lost her endorsement contract with Sephora beauty products.
“After careful review of recent developments, we have made the decision to end the Sephora Collection partnership with Olivia Jade, effective immediately,” the company announced last month.
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