Monday, October 26, 2020

Lori Loughlin and husband officially plead not guilty to college admissions scandal charges

-

A total of 17 wealthy parents, including actress Lori Loughlin, formally submitted not guilty pleas in federal court in Boston on Monday morning in the college admissions scam.

Loughlin and her husband, Mossimo Giannulli, had previously pleaded not guilty in federal court filings earlier this month. David Sidoo, Gamal Abdelaziz, Diane Blake, Todd Blake, I-hsin “Joey” Chen, Elizabeth Henriquez, Manuel Henriquez, Douglas Hodge, Michelle Janavs, Elisabeth Kimmel, William Mcglashan, Marci Palatella, John Wilson, Homayoun Zadeh and Robert Zangrillo all pleaded not guilty as well.

The filings to charges of conspiracy to commit fraud and conspiracy to commit money laundering represented Loughlin’s first substantive response in the case. Prosecutors say she and Giannulli paid $500,000 to a fake charity to get their two daughters accepted into the University of Southern California, falsely designating them as crew recruits. The “Full House” actress is the highest-profile figure caught up in a scandal that has embroiled dozens of wealthy parents, college coaches and standardized test administrators.

Prosecutors say some of the parents facilitated cheating on the SATs and ACTs on behalf of their children, and some parents bribed college coaches to smooth their children’s path into college. Loughlin’s decision not to plead guilty in the case has already had significant legal repercussions.

- Advertisement -

Actress Felicity Huffman was among 13 parents who pleaded guilty to a charge of conspiracy to commit fraud last week. In exchange for the guilty plea, prosecutors said they will recommend incarceration at the “low end” of the sentencing range and will not bring further charges against her.

But those who did not plead guilty, including Loughlin and 15 other parents, were charged a day later with a count of conspiracy to commit money laundering. Legal experts said this is part of the prosecution’s “carrot and stick ” approach intended to pressure defendants to plead guilty or face further charges.

The criminal complaint against Giannulli and Loughlin includes evidence from a cooperating witness, emails, bank records and a recorded phone call with each parent. Giannulli sent Rick Singer, the mastermind of the scheme, an “action picture” of each of his daughters on ergometers, the rowing machines, according to the criminal complaint.

Loughlin and Giannulli appeared in federal court in Boston last month. Each of the two charges is punishable by up to 20 years in prison.

- Advertisement -

MUST READ

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Hong Kong fines Goldman Sachs $350 million over 1MDB scandal

Goldman Sachs ignored multiple red flags over the multibillion-dollar fundraisings it arranged for state fund 1Malaysia Development Berhad, Hong Kong’s financial regulator said on...

Texas attorney general Ken Paxton fires top aide who accused him of bribery

Lacey Mase, one of the top aides who accused Texas Attorney General Ken Paxton of crimes including bribery and abuse of office, has been fired, she told The...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

Advertisement
Advertisement

Latest News

This Week

Former Malawi minister sentenced to six years in prison over passport corruption scandal

A court in Malawi’s capital Lilongwe on Thursday sentenced a former home minister to six years in prison after he was found guilty in...

Judge opposed dismissal of bribery charge against former Portage mayor Synder

A judge denied Thursday two motions to dismiss a soliciting bribes charge former Portage Mayor James Snyder will be retried on, according to court...

Former Harris County deputy constable pleads guilty to transporting drug money and heroin

A former Harris County deputy constable and her husband pleaded guilty Wednesday to charges of conspiracy to possess with intent to distribute heroin, according...

Two U.S. Navy service members get prison for defrauding military insurance program

Two U.S. Navy service members were sentenced in San Diego federal court Friday for their roles in an insurance fraud scheme that involved making false medical claims to...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks