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Lori Loughlin, Mossimo Giannulli, Indicted On Fraud, Money Laundering Charges

One day after actress Felicity Huffman entered a guilty plea for her participation in the college admissions bribery scandal, a federal grand jury has indicted actress Lori Loughlin and her fashion designer husband, Mossimo Gianulli, for money laundering and fraud, according to USA Today.

The U.S. Attorney’s Office in Boston announced on Tuesday the famous couple were charged “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.”

Alongside nearly three dozen other parents, both Loughlin and Giannulli have been charged with working in concert with William “Rick” Singer to bribe college officials and rig the entrance exams so that their children can be accepted into elite universities.

“Prosecutors said the second superseding indictment also charges the defendants with conspiring to launder 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,” reports USA Today.

Lori Loughlin and Mossimo Giannulli have not publicly commented on the charges. According to People, the former “Full House” actress has turned to God and yoga to help see her through the challenge.

“While waiting for this to come to some conclusion, she’s trying to keep a somewhat regular schedule — going to yoga and pilates and seeing friends for lunch,” a source told People. “She is very faith-based, and she knows her faith will get her through this. She’s holding up well, given the circumstances. She has a strong very strong faith that is helping her immensely. She loves her husband and her children very much.”

Loughlin’s daughter, social media influencer Olivia Jade, feels her parents “ruined everything” for her. “[Olivia] was passionate about her career, and now everything she built has imploded before her eyes,” a source told Us. “She feels they ruined everything.”

Olivia Jade is reportedly not on speaking terms with her mother, who has also seen her career implode as a result of the bribery scandal. Not only has Loughlin been dropped from the Hallmark channel, she has been written out of the Netflix series “Fuller House,” the spinoff to the show that catapulted her to success in the 1990’s.

On Monday, actress Felicity Huffman profusely apologized for having participated in the scheme, attesting to her daughter’s innocence.

“I am in full acceptance of my guilt, and with deep regret and shame over what I have done, I accept full responsibility for my actions and will accept the consequences that stem from those actions,” Huffman said in the statement. “I am ashamed of the pain I have caused my daughter, my family, my friends, my colleagues and the educational community. I want to apologize to them. I want to apologize to the students who work hard every day to get into college, and to their parents who make tremendous sacrifices to support their children and do so honestly.”

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