Things are only getting grimmer for Lori Loughlin, who now faces a money laundering charge in addition to her other charges as part of the ongoing college admissions scam case. Loughlin and husband Mossimo Giannulli are among the sixteen parents now getting slammed with the additional charge of money laundering in addition to the charges they already face. In Loughlin and Giannulli’s case, those charges include conspiracy to commit mail fraud and honest services mail fraud.
According to E! News, Loughlin and Giannulli have been charged in a second superseding indictment with money laundering and conspiring to commit fraud. A Department of Justice press release included in E!’s report explains the new charges, saying, “Sixteen parents involved in the college admissions scandal 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.”
These sixteen defendants, including Loughlin and Giannulli, are being charged for conspiring with William “Rick” Singer, the alleged mastermind behind this college admissions scam, to gives bribes to SAT and ACT test administrators to either take tests in place of their children or correct answers on a test as way to help their children get into elite colleges.
The Department of Justice’s statement continues, saying, “The second superseding indictment also charges the defendants 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.”
Per the FBI affidavit released in March, Loughlin and Giannulli “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.”
TMZ reports Loughlin and Giannulli have rejected the plea deal that would involve them serving two years in prison, but they could end up serving more than two years based on these new charges. TMZ also reports prosecutors are recommending at least four years and two months.
As reported by Entertainment Tonight, the maximum sentences for each of the charges the couple faces are intense: “The charge of conspiracy to commit mail and wire fraud and honest services mail and wire fraud provides for a maximum sentence of 20 years in prison, three years of supervised release, and a fine of $250,000 or twice the gross gain or loss, whichever is greater. 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.”
Neither Loughlin nor Giannulli have issued a statement about these new charges or other charges they face.
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