Lori Loughlin indicted by federal grand jury, charged with money laundering

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Actress Lori Loughlin and her fashion designer husband were among 16 parents involved in the college admissions cheating scam who were indicted by a federal grand jury, which added a money laundering charge to their legal woes, federal authorities announced Tuesday.

The 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.

Loughlin and Giannulli, who were among a total of nearly three-dozen parents arrested last month on mail-fraud charges in a criminal complaint, are accused of conspiring with scam mastermid William “Rick” Singer, 58, of Newport Beach, Calif., and others, to bribe college officials and coaches, and to artificially inflate entrance exam scores, in order to get their children admitted to elite colleges and universities.

Prosecutors said the second superseding indictment also charges the defendants with conspiring to launder bribes and other payments in connection with 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 country, for the purpose of promoting the fraud scheme.

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