Mossimo Giannulli is an American designer.
Facts of Mossimo Giannulli
|Full Name:||Mossimo Giannulli|
|Age:||59 years 2 months|
|Birth Date:||June 04, 1963|
|Birth Place:||Southern California, California, USA.|
|Married Date:||November 27, 1997|
|Children:||Two(Isabella Rose Giannulli and Olivia Jade Giannulli)|
|Relationship affair ?:||No|
|Is gay ?:||No|
|Father's Name:||Gene Giannulli|
|Mother's Name:||Nancy Giannulli|
|Education:||University of Southern California|
|Height / How tall :||5.10 inch|
|Eye Color:||Dark Brown|
|Best Match for Marriage:||Leo, Aquarius, Libra|
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Mossimo Giannulli is an American designer. He is best known for founding the clothing company Mossimo. He and his wife, Lori Loughlin were one of the 50 individuals charged by the FBI and US Attorney’s Office in March 2019 in a large-scale nationwide college entrance exam cheating scandal. In April 2019, they were one of the 16 individual parents who was charged additionally with conspiracy to commit money laundering.
Additional charges have been brought against Mossimo Giannulli and Lori Loughlin in the college admissions scandal.
In the ongoing nationwide college admissions fiasco known as Operation Varsity Blues, American designer and his wife Lori Loughlin face additional charges. In a superseding indictment, a federal prosecutor in Boston charged the pair with conspiracy to commit money laundering. They conspired to launder bribes paid to William Rick Singer “by funneling them into Singer’s supposed charity and his for-profit business,” according to the indictment. Other parents facing similar charges include Gamal Abdelaziz, I-Hsin “Joey” Chen, Douglas M. Hodge, Michelle Janavs, Homayoun Zadeh, Diane, and Todd Blake, Elizabeth and Manuel Henrique, Elisabeth Kimmel, William McGlashan Jr., Marci Palatella, John Wilson, and Robert Zangrillo. This third offense carries a maximum penalty of 20 years in jail, three years of supervised release, and a $500,000 fine.
The pair was previously charged in March 2019 by the FBI and the US Attorney’s Office in a large-scale nationwide college entrance exam cheating scandal. According to the indictment, the couple paid $500,000 to the Key Worldwide Foundation under the pretext of a donation in order to deceive the University of Southern California’s admissions committee into believing that their two daughters will be joining the school’s women’s rowing team if accepted. In fact, neither of their daughters had ever participated in the sport and had no intention of doing so in the future.
What makes Giannulli so well-known?
Mossimo, an American clothing company, was founded by him.
He and his partner, Lori Loughlin, were both involved in the national Operation Varsity Blues scandal.
Mossimo Giannulli, who is he?
Mossimo Giannulli was born on June 4, 1963, in Milan, Italy. He was born in the state of California in the United States. He is a citizen of the United States of America. Gemini is his zodiac sign. There is currently no information available about his parents or siblings. At the University of Southern California, he studied architecture and industry. He did, however, drop out of college after three years.
In 1986, Mossimo Giannulli created the Mossimo clothing line on Balboa Island in Newport Beach, California.
In his first year in the apparel industry, he made $1 million. The next year, he received $4 million.
In 1991, he added sweatshirts, knits, and sweaters to the line.
By 1995, the collection had grown to include women’s wear and tailored suits for men.
Mossimo, Inc. had expanded to be a multibillion-dollar lifestyle sportswear and accessories company.
In 1996, the company went public with an initial public offering (IPO).
The business attempted, but failed, to take a shortcut from streetwear/beachwear to high fashion. Their stock has fallen from $50 to $4.
On March 28, 2000, he announced that Mossimo, Inc. had signed a large, multi-product licensing agreement with Target stores for $27.8 million.
Mossimo was purchased by Iconix Brand Group in 2006.
Scandal of Bribery
Giannulli Mossimo and his wife Lori Loughlin were two of the high profile celebrities dragged into a nationwide entrance exam cheating scandal named Operation Varsity Blues. They surrendered to federal authorities in Los Angeles on 13 March 2019. They allegedly paid $500,000 disguised as a donation to the Key Worldwide Foundation, in order that the University of Southern California’s admissions committee would be led to believe that their two daughters would be joining the school’s women’s rowing team if admitted. In reality, neither of their daughters have ever trained in the sport and had no plans to do so. The couple was released on $1 million bonds each. The couple was permitted to retain their passports and travel outside of the United States as long as they informed the court.
Their daughter Olivia, a social media influencer lost her partnership with cosmetic giant Sephora and her sponsorship for her beauty channel and Instagram posts.
The scandal led the couple to be named as defendants in a private class-action lawsuit brought on by Stanford University graduates. They claimed that their education and their degrees have been devalued due to their school’s association with the scandal. The couple was later offered a plea deal where they would get 2 years in prison if they accepted it.
The couple was charged on 9 April in addition to conspiracy to commit money laundering by federal prosecutors in Boston in a superseding indictment. The indictment alleged that they conspired to launder bribes paid to William Rick Singer “by funneling them through Singer’s purported charity and his for-profit corporation.” This third charge has a maximum sentence of 20 years in prison, supervised the release of three years, and a $500,000 fine.
Who is Mossimo Giannulli married to?
Mossimo Giannulli is married to actress Lori Loughlin. They met in 1995. The couple eloped on Thanksgiving and got married in 1997 in Newport Beach, California. The couple has 2 daughters, Isabella Rose, and Olivia Jade, and a son, Gianni. Gianni is his son from his previous relationship.
His daughter Olivia has a YouTube channel with 1 million subscribers and Instagram account with 1 million followers.
What is Mossimo Giannulli’s Net Worth?
They sold their Aspen, Colorado home for $7.6 million. They put their Los Angeles mansion on the market for $35 million. He earned his fortune working as a designer in the clothing company Mossimo. He founded it earlier in 1986. The company was acquired by Iconix Brand Group in 2006. His net worth is estimated at $80 million at present.