Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Lori Loughlin and Husband Mossimo Giannulli Will Be Audited by IRS Over College Scandal
Us Magazine ^ | 4/18/19 | Nicole Briese

Posted on 04/21/2019 7:58:13 AM PDT by Libloather

The hits just keep coming. Lori Loughlin and Mossimo Giannulli, who are facing up to 40-year-prison sentences if found guilty of their alleged involvement in the nationwide college admissions scandal, will now be audited by the IRS, a source exclusively tells Us Weekly.

According to the source, the twosome allegedly wrote off William “Rick” Singer’s reported scam services as a deduction. “They are being audited for five years on their personal income taxes, along with three years for Mossimo’s business,” the insider reveals.

The When Calls the Heart actress, 54, and the fashion designer, 55, pleaded not guilty to charges of fraud and money laundering on Monday, April 15, after previously rejecting a plea deal that included a two-year minimum prison sentence.

“Her attorney told her not to take the deal,” a source told Us earlier this month about Loughlin’s decision.

(Excerpt) Read more at usmagazine.com ...


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: college; fraud; irs; loughlin; scandal
Navigation: use the links below to view more comments.
first 1-2021-38 next last
Oh, man. Just wait until the IRS hears about the *Crinton Crime Foundation.
1 posted on 04/21/2019 7:58:13 AM PDT by Libloather
[ Post Reply | Private Reply | View Replies]

To: Libloather

“Her Attorney told her not to take the deal”

Well, at least until the attorney empties out her bank accounts.


2 posted on 04/21/2019 8:00:51 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Libloather

Anyone at F-troop gonna look at Hillary? Comey? Paige and Strzok? The Ohr family? Steele? How are things coming on the pizzagate investigation? Any FBI show up at Epstein island yet?


3 posted on 04/21/2019 8:02:55 AM PDT by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ....)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Libloather

Pakistani brothers and the DNC? Assassination of Seth Rich?


4 posted on 04/21/2019 8:03:36 AM PDT by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ....)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Libloather

“Her attorney told her not to take the deal,” a source told Us earlier this month about Loughlin’s decision.”

I have a difficult time believing that.

L


5 posted on 04/21/2019 8:03:53 AM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Libloather

Invasively, I hope.


6 posted on 04/21/2019 8:06:30 AM PDT by bigbob (Trust Trump. Trust the Plan.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Libloather

Apparently Lori and her hubby thought they were the Clintons.


7 posted on 04/21/2019 8:08:59 AM PDT by Spok
[ Post Reply | Private Reply | To 1 | View Replies]

To: DesertRhino
How are things coming on the pizzagate investigation?

They have to finish the Tooth Fairy investigation first.

8 posted on 04/21/2019 8:10:30 AM PDT by humblegunner
[ Post Reply | Private Reply | To 3 | View Replies]

To: Lurker
They can sue their attorney for malpractice, I suppose.

Anyone who has done tax work for others could see this coming a mile away. IRS loves slam dunk cases, such as deductions taken on nonexistent charities.

For example, the returns most audited by the IRS are self-employed individuals claiming the Earned Income Tax Credit. Why? These returns are usually filed without the benefit of a CPA, and are filled in by hand.

It takes but a few minutes for an IRS agent to identify deductions not supported by evidence. Result is an increase in SE income, taxes, and penalites, not to mention reduction in EITC. The taxpayer is too intimidated by the IRS, so he/she pays up willingly.

The IRS is salivating at those involved with Singer's "charity."

9 posted on 04/21/2019 8:12:38 AM PDT by Night Hides Not (Remember the Alamo! Remember Goliad! Remember Gonzales! Come and Take It!)
[ Post Reply | Private Reply | To 5 | View Replies]

To: DesertRhino

10 posted on 04/21/2019 8:13:01 AM PDT by gaijin
[ Post Reply | Private Reply | To 3 | View Replies]

To: gaijin
TWO SYSTEMS

FULL PENSION, NO JAIL TIME

11 posted on 04/21/2019 8:13:42 AM PDT by gaijin
[ Post Reply | Private Reply | To 10 | View Replies]

To: Libloather

They’ll never go to jail. Fine them.


12 posted on 04/21/2019 8:17:49 AM PDT by I want the USA back (Lying Media: willing and eager allies of the hate-America left.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: All
I have a hard time believing a lawyer told them not to take the deal......even a first year law student would know money laundering when he sees it.

Singer set-up an effecient money-laundry.

<><> The bribes to get the kids into the schools were "washed" through a phony "do-good" foundation, listed as "donations."

<><> Bribers now have tax problems b/c they listed the bribe as a on their returns as “charitable donation to the fake foundation”

<><> Singer even sent the bribers written letters (paper trail) in return that said, “Thank you for your generous donation.”

<><>To legitiize the bribes, Singer sent out receipts (paper trail) falsely indicating that “no goods or services were exchanged” for their supposed donations to the foundation, according to authorities.

<><> Loughlin and her husband allegedly hid their payments in two $200,000 wire transfers to the “charity” to get their daughters into USC.

<><> Another couple allegedly made a contribution of $400,000 to secure admission for their daughter to Georgetown. One family is accused of “donating” $900,000.

<><> Felicity Huffman paid $15,000 to the fake “foundation” on behalf of her eldest daughter, according to the FBI.

<><> Using the US mail to facilitate the fraud also comes with penalties.....as do wire-transfers.

13 posted on 04/21/2019 8:26:30 AM PDT by Liz ( Our side has 8 trillion bullets; the other side doesn't know which bathroom to use.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Libloather

Interesting, about 4 weeks ago one of my wife’s friends told her that IRS was looking at many of these cases.

If the elitist couple wrote a big check to a fake charity and then wrote off that amount on their fed and state taxes.

They could be in a lot trouble.

My wife had zero sympathy for the possible criminals as we had just had our yearly visit to our CPA for 2018 Federal and State tax filings.


14 posted on 04/21/2019 8:34:09 AM PDT by Grampa Dave ( AG Barr didn’t defend the President! Barr just reported the findings! President Trump, Not Guilty)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz

Thanks as usual.

Maybe the IRS is on the horizon for these elitists.


15 posted on 04/21/2019 8:36:36 AM PDT by Grampa Dave ( AG Barr didn’t defend the President! Barr just reported the findings! President Trump, Not Guilty)
[ Post Reply | Private Reply | To 13 | View Replies]

To: Libloather

man these two are being taken to the woodshed. Didn’t a bunch of others do the same thing??


16 posted on 04/21/2019 8:37:24 AM PDT by ronniesgal (so I wonder what his FR handle is????)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Libloather

“Lori Loughlin and Mossimo Giannulli, who are facing up to 40-year-prison sentences”

This is not to say some sort of penalty isn’t justified but jeez, you would think they hid classified emails on an unsecured server or something.


17 posted on 04/21/2019 8:41:00 AM PDT by ScottfromNJ
[ Post Reply | Private Reply | To 1 | View Replies]

To: ronniesgal
Most of the others plead guilty to lesser charges. Aunt Becky was defiant to the prosecutors and shocked that this is happening to her. Good news is no more Hallmark movies for her.
18 posted on 04/21/2019 8:42:05 AM PDT by mad_as_he$$
[ Post Reply | Private Reply | To 16 | View Replies]

To: Libloather

Think of the money she’ll be saving on
endoscopy and colonoscopy procedures.
The IRS will conduct and fund them.


19 posted on 04/21/2019 8:47:52 AM PDT by sparklite2 (Don't mind me. I'm just a contrarian.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ScottfromNJ

“It took a few years for President Trump to get it right,”

That’s what they could get if you add up the time on all of the various charged that have been brought against them. They won’t do 40 years, but even if they did two or three, it would be devastating for them. But unless they come clean, I have no sympathy for them and hope they go in for some serious time.


20 posted on 04/21/2019 9:05:55 AM PDT by vette6387
[ Post Reply | Private Reply | To 17 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-38 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson