The actresses were charged with "conspiracy to commit mail fraud and honest services fraud".
On Tuesday, the United States Attorney for the District of MA unveiled indictments involving a nationwide college cheating scandal. Among the colleges named in the indictment are Yale University, Stanford University, Georgetown and the University of Southern California.
What happened: Lori Loughlin was among dozens of parents, college coaches and college prep executives who are accused of carrying out a national conspiracy to help students get into prestigious colleges in the U.S., CNN reports.
Hollywood actresses Felicity Huffman and Lori Loughlin were among 50 people charged by USA federal prosecutors on Tuesday in a $25 million scheme to help wealthy Americans cheat their children's way into elite universities, such as Yale and Stanford.
According to charging documents obtained by the outlet, the "Fuller House" star and her husband, designer Mossimo Giannulli, "agreed to pay bribes totaling $500,000 in exchange for having their two daughters designated as recruits to the USC crew team - despite the fact that they did not participate in crew - thereby facilitating their admission to USC".
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"I think I'm in complete denial, I really am because when I think about it too much it will make me cry so I gotta stop", Loughlin said of her daughter leaving for college in the 2017 interview. Both Loughlin and Huffman went through Singer to gain admissions into colleges for their children, authorities said.
The FBI reportedly recorded phone calls involving the celebrities and a cooperating witness.
Prosecutors also said parents paid an admissions consultant upwards of $25 million from 2011 through February 2019 to bribe coaches/administrators to label their kids as recruited athletes to increase their chances of getting into the schools mentioned (above). Hercules Capital Inc (NYSE: HTGC) shares dropped 7.1 percent Tuesday as CEO Manuel Henriquez also appears to be among those charged. Prosecutors allege that fake athletic profiles were created to give the false impression that applicants were student athletes (in many cases, the applicants had no athletic merit). Only time will tell, but there are bound to be implications on Loughlin's career.