FILE - In this April 3, 2019, file photo, actress Lori Loughlin, front, and her husband, clothing designer Mossimo Giannulli, left, depart federal court in Boston. (AP Photo/Steven Senne, File)
Actress Lori Loughlin and her fashion designer husband, Mossimo Giannulli, have agreed to plead guilty to charges in the college admissions bribery case and serve two months in prison, according to court papers filed Thursday.
The couple agreed to plead guilty to conspiracy to commit wire and mail fraud in a plea agreement filed in Boston’s federal court. The charge carries up to 20 years in prison and a fine of $250,000.
Prosecutors have agreed to dismiss charges of money laundering and federal programs bribery that were added after the case was filed.
“Under the plea agreements filed today, these defendants will serve prison terms reflecting their respective roles in a conspiracy to corrupt the college admissions process and which are consistent with prior sentences in this case," said United States Attorney Andrew Lelling. "We will continue to pursue accountability for undermining the integrity of college admissions.”
An attorney for the couple declined to comment.
Loughlin and Giannulli previously pleaded not guilty and firmly insisted on their innocence even as other parents reached deals with prosecutors. The couple are the 23rd and 24th parents to plead guilty in the case.
Loughlin and Giannulli are accused of paying $500,000 in bribes to get their daughters into the University of Southern California as crew team recruits, even though neither of them played the sport.
Fast AF, a premiere quick commerce retailer for products and brands just announced the close of its Series A investment round. That round puts the value of the company at $200 million. The company gets items to customers ranging from masks to sneakers and is now launching its own in-house delivery service. Lee Hnetinka, founder and CEO of FastAF joins Cheddar News to discuss the announcement.
Carolina Navas, Snap's head of AR product strategy and product marketing, joins Cheddar News to discuss how Snapchat's augmented reality is changing the shopping game this holiday season.
Anesthesiologist and newest cast member on 'The Real Housewives of Miami,' Dr. Nicole Martin, joins Cheddar News to discuss the latest season returning to Peacock.
The World Inequality Lab just released its inequality report, which looks at wealth and income inequality, gender inequality, and carbon emission inequality around the world. It is also the first global assessment of wealth and income inequality since the start of the pandemic. Matthew Post-Fisher, a coordinator with the World Inequality Lab and a research fellow at Harvard Kennedy school joins Cheddar News to discuss the findings.
Instagram Chief Executive Adam Mosseri is set to testify before Congress for the first time. Mosseri’s appearance follows reports that showed Facebook and Instagram are aware of the harms their apps and services cause, including to teen mental health. Nicole Gill, co-founder and executive director of Accountable Tech joins Cheddar News to preview the hearing.
Actor Hosea Chanchez joined Cheddar Wellness to discuss reprising his role in the Paramount+ reboot of the hit series "The Game '' and about the importance of mental wellness for Black men, identifying similarities between himself and the character he plays, Malik Wright. He noted that the role allowed him to submerge himself in the culture of athletes and let him explore and depict subjects that often go undiscussed in the Black community to draw attention to their relevance.
According to an Indeed survey, 77% of job seekers say work happiness is important when considering a future employer. Misty Gaither, Senior Director, Global Head of Diversity, Inclusion & Belonging, Indeed, joins Cheddar Wellness to discuss the importance of overall workplace happiness and how employees and employers can work towards that goal.
Michael Steinhardt, 81, has surrendered 180 stolen artifacts from 11 different countries worth $70 million. The former hedge fund manager has also received a lifetime ban from the antiquities market.
The U.S. has seen several retailers across the country forced to close their brick-and-mortar stores amid the rise of e-commerce over the past few years. However, we are in the midst of a brick-and-mortar boom, with retailers expected to open more stores this year than they close, for the first time since 2017, according to an analysis of more than 900 chains by IHL Group, a research and advisory company. At the same time, the e-commerce businesses of retailers have become more dependent on physical stores to fulfill orders, especially during the holiday shopping season. Lionesque Group CEO Melissa Gonzalez joins Cheddar News' Closing Bell to discuss.
