In this April 3, 2019 file photo, actor Lori Loughlin, front, and husband, clothing designer Mossimo Giannulli, left, depart federal court in Boston after facing charges in a nationwide college admissions bribery scandal. Loughlin was released from federal prison in Dublin, Calif., Monday, Dec. 28, 2020, after spending two months behind bars for paying half a million dollars in bribes to get her two daughters into college. (AP Photo/Steven Senne, File)
By Alanna Durkin Richer
“Full House” actor Lori Loughlin was released from prison Monday after spending two months behind bars for paying half a million dollars in bribes to get her two daughters into college.
Loughlin was released from the federal lockup in Dublin, California, where she had been serving her sentence for her role in the college admissions bribery scheme, the federal Bureau of Prisons said. Her husband, fashion designer Mossimo Giannulli, is serving his five-month sentence at a prison in Lompoc near Santa Barbara, California.
Loughlin and Giannulli were both initially supposed to report to prison on Nov. 19, but prosecutors and defense attorneys agreed Loughlin could start her sentence on Oct. 30. Loughlin also agreed that she would not seek early release on coronavirus-related grounds, prosecutors said.
Giannulli is scheduled to be released on April 17, the Bureau of Prisons says.
Loughlin and Giannulli were among the highest-profile defendants charged in the scheme, which revealed the lengths to which some wealthy parents will go to get their children into elite universities.
The famous couple admitted in May to paying $500,000 to get their two daughters into the University of Southern California as crew recruits even though neither girl was a rower. Their guilty plea was a stunning reversal for the couple, whose lawyers had insisted for a year were innocent and accused investigators of fabricating evidence against them.
The only public comments either Loughlin or Giannulli made about the case since their arrest last year came at their sentencing hearings in August. Loughlin told the judge her actions “helped exacerbate existing inequalities in society” and pledged to do everything in her power to use her experience as a “catalyst to do good."
Their younger daughter, social media influencer Olivia Jade, made her first public remarks about the scandal this month on the series “Red Table Talk." Olivia Jade said she doesn't want or deserve pity.
“We messed up. I just want a second chance to be like, ‘I recognize I messed up.’ And for so long I wasn’t able to talk about this because of the legalities behind it," she said.
Of the nearly 60 parents, coaches and others charged in the case, about a dozen are still fighting the allegations. The sentences for the parents who have pleaded so far in the case range from a couple weeks to nine months.
Mona Akhavi, CEO of Vrai, joins Cheddar Innovates to discuss the process of creating lab grown diamonds, why this industry is growing, and the latest trends in the jewelry and engagement ring space.
M&M's is rebranding its iconic chocolate candy characters with new looks and storylines highlighting the "progressive world" we live in today. Jane Hwang, global vice president of M&M's, joined Cheddar to talk about the company's rebrand. "M&M's is on a mission to create a world where everyone feels they belong," she said. The multi-colored, anthropomorphized candies will be getting an updated look and tone, according to Hwang, such as Green receiving a makeover that reflects more female empowerment and confidence.
The Department of Agriculture has officially unveiled its plan to fight catastrophic wildfires that have devastated parts of the West in the last few years. The department, along with the Forest Service will work to significantly increase fuels and forest health treatments to address the escalating crisis of wildfire danger. Executive Editor of Cipher, a publication by Breakthrough Energy, Amy Harder, joined Cheddar to discuss more.
A new report out on Linkedin says that Crypto-related job postings in the US surged to 395% between 2020 and 2021. Job titles which included titles containing "Bitcoin", "Ethereum", "Blockchain", and cryptocurrency, all outpaced jobs in the wider tech industry which saw a 98% increase in listings during the same time period. LinkedIn also notes that the most common crypto job postings were blockchain developers and engineers. CEO of Radkl, Ryan Sheftel, joined Cheddar to discuss more.
A new study has been causing a lot of buzz in the cannabis industry. Researchers from Oregon State University found that compounds in cannabis could prevent infection with COVID-19, but that doesn't mean smoking marijuana prevents people from getting infected. CV Sciences medical advisor Dr. Michael Lewis joined Cheddar News' Closing Bell to discuss.
Software company BigPanda recently raised $190 million in Series D funding, led by Advent International and Insight Partners. The funding round gives the company unicorn status with a $1.2 billion valuation. BigPanda develops A.I. software that detects and analyzes problems in I.T. systems. The company says it aims to be the solution for other companies that do not have enough manpower to manage their data, as more and more industries continue to build a broader digital presence. BigPanda co-founder and CEO Assaf Resnick joined Cheddar News' Closing Bell to discuss.
Amazon Prime announced the name of the highly anticipated Middle-Earth prequel streaming series to be called "The Rings of Power," premiering on September 2. The show takes place thousands of years before the stories set in "The Hobbit" and "The Lord of the Rings."
Sebastien Lagree, creator and founder of Lagree Fitness, joins Cheddar News to talk about the growth of Lagree Fitness and industry trends to watch in 2022.
We've all seen the headlines about a record number of Americans quitting their jobs in what's become known as the Great Resignation. However, new data on why people are leaving the workforce in droves suggests the bigger headline is Americans are simply burned out. Stephanie Aston, CEO of Black Girl Group, joined Cheddar News to break down why so many employees have reached their breaking points and what employers can do about it.