Lori Loughlin now indicted on money laundering charge in college admissions cheating case

Actress Lori Loughlin and her husband Mossimo Giannulli, along with 14 other parents, were indicted by a federal grand jury in Boston with money laundering, as part of the nationwide college admissions cheating case.

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, and 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 total charges against the two are one count of conspiracy to commit mail and wire fraud and honest services mail and wire fraud, and one count of conspiracy to commit money laundering.

According to the charging documents, 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.”

More to come…