Lori Loughlin, Mossimo Giannulli Both INDICTED; Charges Include Fraud & Money Laundering

 

Federal Authorities announced Tuesday that Actress Lori Loughlin and her designer husband were among 16 parents involved in the college admissions cheating scam who were indicted by a federal grand jury.

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The Grand Jury added a money laundering charge to their legal woes, federal authorities also announced.

All parents, including Loughlin and her husband, Mossimo Giannulli, “were charged today in Boston in a second superseding indictment with conspiring to commit fraud and money laundering in connection with a scheme to use bribery to cheat on college entrance exams and to facilitate their children’s admission to selective colleges and universities as purported athletic recruits,” the U.S. Attorney’s Office in Boston announced.

As reported by The Associated Press, The move comes a day after fellow actress Felicity Huffman, 12 other parents and a coach agreed to plead guilty — signaling an escalation in the case against the parents who are continuing to fight the allegations against them.

Loughlin and Giannulli were among 33 prominent parents accused of participating in a scheme that involved rigging college entrance exams and bribing coaches at elite universities.

In her first public comments since her arrest, Huffman took responsibility for her actions and said she would accept the consequences.

“My daughter knew absolutely nothing about my actions, and in my misguided and profoundly wrong way, I have betrayed her. This transgression toward her and the public I will carry for the rest of my life. My desire to help my daughter is no excuse to break the law or engage in dishonesty,” she said after her plea deal was announced.

Loughlin and Giannulli have yet to make a public statement.

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