Lori Loughlin, Husband Hit With New Money Laundering Charge in College Scandal
Actress Lori Loughlin and her husband, fashion designer Mossimo Giannulli, were hit with a new charge in the nationwide college admissions scandal on Tuesday.
The Hollywood couple was among 16 parents indicted on the new charge of money laundering conspiracy, according to authorities.
The two were already charged with conspiracy to commit mail fraud.
The charge of conspiracy to commit money laundering provides for a maximum sentence of 20 years in prison, three years of supervised release and a fine of $500,000 or twice the value of the property involved in the money laundering, according to authorities.
Loughlin and Giannulli are accused of paying $500,000 in exchange for having their two daughters designated as recruits to the USC’s crew team — even though the two never participated in the sport — thereby guaranteeing their admission into the college, according to court documents.
The couple also faces charges of conspiracy to commit mail fraud and honest services mail fraud. Both are out on separate $1 million bonds.
The latest news comes a day after fellow scandal defendant, actress Felicity Huffman, announced her intentions to plead guilty to her change of conspiracy to commit mail fraud.