Mossimo Giannulli is a fashion designer from the United States. He is well known for starting Mossimo, a clothing company. In March 2019, the FBI and the US Attorney’s Office indicted him and his wife, Lori Loughlin, in a large-scale nationwide college entrance exam cheating conspiracy. They were one of 16 parents who were charged with conspiracy to launder money in April 2019.

What is Mossimo Giannulli’s Net Worth?

Mossimo Giannulli and his wife got $7.6 million for their Aspen, Colorado house. They listed their mansion in Los Angeles for $35 million. Mossimo Giannulli made his money as a designer for Mossimo, a clothing firm. It was founded by him in 1986. In 2006, Iconix Brand Group bought the company. His current net worth is believed to be $80 million.

What is Giannulli Famous For?

• Founder of an American clothing company, Mossimo.
• He and his wife, Lori Loughlin involved in Operation Varsity Blues nationwide scandal.

Mossimo Giannulli and Lori Loughlin Faces Additional Charges In College Admissions Scandal:

Lori Loughlin and her husband, American designer, face more charges in the ongoing college admissions fraud case in the United States known as “Operation Varsity Blues.” In a new indictment, a federal prosecutor in Boston said that the two had agreed to try to hide money. In the indictment, it says that they worked together to hide payments made to William Rick Singer “by funneling them through Singer’s bogus charity and his for-profit business.” Parents like Gamal Abdelaziz, I-Hsin “Joey” Chen, Douglas M. Hodge, Michelle Janavs, and Homayoun Zadeh have also been accused of the same thing. Elizabeth and Manuel Henrique, Elizabeth Kimmel, William McGlashan Jr., Marci Palatella, John Wilson, and Robert Zangrillo are some of the others. This third charge can lead to up to 20 years in prison, three years of supervised release, and a $500,000 fine if it goes to court.

Pair: The FBI and U.S. Attorney’s Office charged the two in March 2019 in a large-scale nationwide college entrance exam cheating scheme. If they were admitted to USC, they were supposed to think that their two daughters would be rowing for the school’s women’s rowing team if they paid the Key Worldwide Foundation $500,000 as a donation, according to the indictment. In reality, none of their daughters had ever played the game and had no plans to do so in the future.

Who is Mossimo Giannulli?

His birth date is June 4, 1963. He is an Italian businessman who has lived in Milan for more than 30 years and was born in Milan. There, he was born. He is a US citizen. It is his zodiac sign. There is no information at this time about his parents or siblings. There, he learned about both architecture and business at the University of Southern California. He did, however, leave college after three years..

Career:

During the 1980s, Mossimo Giannulli started a clothing company called Mossimo on Balboa Island, in Newport Beach, California. In 1986, he moved the company there. His first year in the clothing business made him $1 million. $4 million came in next year. In 1991, he added sweatshirts, knits, and sweaters to the line. At the end of 1995, the collection had grown to include women’s clothes and men’s tailor-made suits.

Mossimo, Inc. had become a multimillion-dollar company that makes lifestyle sportswear and other accessories for people who like to look good. First, the company went public in 1996 with an IPO. The company tried to take a shortcut from streetwear/beachwear to high fashion but failed. Their shares went from $50 to $4. He took the brand downscale, announcing on 28 March 2000, Mossimo, Inc. a major, multi-product licensing agreement with Target stores, for $27.8 million. Mossimo was bought by Iconix Brand Group in 2006.

Bribery Scandal:

Giannulli Mossimo and his wife, Lori Loughlin, were two of the high-profile celebrities who were caught up in the Operation Varsity Blues admissions exam cheating scam across the country. People in Los Angeles turned them in on March 13, 2019. A group of people allegedly paid $500,000 to the Key Worldwide Foundation to make the University of Southern California think that their two daughters would join the women’s rowing team if they were accepted. In reality, none of their daughters had ever played the game and had no plans to do so in the future.

The pair was each given $1 million bail. The couple was able to keep their passports and travel outside of the United States as long as they told the court about their plans before they left the country. Influencer Olivia lost her sponsorship and collaboration with Sephora because of her beauty video channel and Instagram posts about beauty. This led to a private class action lawsuit by Stanford University alumni. The pair was named as defendants in the lawsuit. They said that because their school was involved in the scandal, their education and degrees were not worth as much as they used to be. After that, the couple was given a plea deal in which they would get two years in prison if they agreed to it.

Federal prosecutors in Boston charged the two with conspiracy to launder money in a new indictment that came out on April 9. In the indictment, it says that they worked together to hide payments made to William Rick Singer “by funneling them through Singer’s bogus charity and his for-profit business.” This third charge can lead to up to 20 years in prison, three years of supervised release, and a $500,000 fine if it goes to court.

Who is Mossimo Giannulli married to?

An actress named Lori Loughlin is the wife of Mossimo Giannulli, and they have a son together. They first met in 1995. It was on Thanksgiving that they got married in 1997 in California. Their two children are Isabella Rose and Olivia Jade, while Gianni is their son. Gianni is the son of his ex-girlfriend.

• His daughter Olivia has a YouTube channel with 1 million subscribers and Instagram account with 1 million followers.

You may also like Edith Head.