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.
Stock markets around the world continue to be impacted by fears of the new Omicron COVID-19 variant. President Biden today reiterated his stance that the new strain is cause for concern, but not cause for panic. Wells Fargo Investment Institute Global Equity Strategist Scott Wren joined Cheddar News' Closing Bell to discuss.
Austin Winsberg, creator of the NBC series "Zoey's Extraordinary Playlist" joined Cheddar's "Closing Bell" to dish out some details about the holiday movie special "Zoey's Extraordinary Christmas" now on Roku. Despite initial plans for producing a new Season 3 despite being canceled by the network, Winsberg said that it is not necessary to have seen the first two seasons in order to enjoy the movie. He noted that following cancellation fans rallied behind the show, campaigning for it to come back, which led to a movie being greenlit by Lionsgate to be completed within just a four-month window, according to Winsberg.
Bitcoin is slowly coming back to life after plunging recently, but everyone's favorite cryptocurrency needs to chart a 77% rally in the next four weeks to reach the widely forecast year-end value of $100,000. Bitcoin was trading more than 0.8% percent lower on Thursday morning, Ethereum was also declining. David Nage, portfolio manager at Arca, joins Cheddar News to talk discuss the market.
Actor Ilda Mason, who portrays 'Luz' in Steven Spielberg's adaptation of the 1957 musical 'West Side Story,' joins Cheddar News to discuss her feature film debut.
Jack Dorsey is stepping down as CEO of Twitter. In a statement, he says he is leaving because the company is ready to move on from its founders. Twitter's chief technology office Parag Agrawal will take over as CEO. Ian Sherr, editor at large at CNET, joins Cheddar News to talk about the announcement.
While the Recording Academy may have overlooked Abel for the Grammys despite having one of the most successful projects of 2020 in "After Hours," The Weeknd was named global artist of the year at the 2021 Apple Music Awards.
Actor Chris Diamantopolous joined Cheddar's "Between Bells" to talk about his new Netflix movie "Red Notice," starring alongside Ryan Reynolds, Dwayne Johnson, and Gal Gadot, and the massive success it has seen since its release. Diamantopoulos discussed what it was like stepping into the role of the villain, being able to play a character so different from himself in real life. He also talked about playing a heavy in another hit Netflix production, "True Story," and what it was like working with Kevin Hart and Wesley Snipes.
Michelle Holder, president of the Washington Center for Equitable Growth and a labor economist at John Jay College joins Cheddar News to discuss the October jobs report.
Visitors in Santa Monica are now getting a whole new look into the new metaverse world. Starting on December 1st, the Downtown Santa Monica District Is Getting Fully Immersed in AR and VR. It's All in Partnership with 'Flick Play' which is the first-ever 'Play to Earn' Metaverse App that Basically Takes the Gamification of 'Pokemon Go' and combines It with more social aspects of an App like Tiktok. Founder of the FlickPlay App Pierina Merino, joined Cheddar to discuss more.
