Lori Loughlin and Mossimo Giannulli buy $13M La Quinta home after jail stints

The couple served time for trying to cheat their kids into USC

Los Angeles /
Sep.September 15, 2021 11:15 AM
Mossimo Giannulli and Lori Loughlin with The Madison Club where their house is located (The Madison Club, Getty)
Mossimo Giannulli and Lori Loughlin with The Madison Club where their house is located (The Madison Club, Getty)

Lori Loughlin and Mossimo Giannulli, the best-known culprits in a wide-reaching college admissions scandal, splashed out on a La Quinta getaway after serving short stints in low-security prisons.

The couple paid $13 million in an off-market deal for a roughly 9,400-square-foot home at the Madison Club, a gated golf community, according to Dirt. They bought it from Michael and Alexis Rowell, who paid $9.5 million for the home in late 2019. Michael Rowell is the founder of Assurance, the insurance firm that was acquired that year for $2.3 billion.

Loughlin and Mossimo paid a half-million dollars to secure spots for their daughters at the University of Southern California. It was part of a wide-ranging college admissions scandal masterminded by Rick Singer, who bribed officials at several universities to secure entry for his clients’ children.

Loughlin was released late last year after serving two months at FCI Dublin in the San Francisco Bay Area last year. Mossimo was released in April after five months at the Federal Correctional Institution Lompoc. They each paid fines and were required to perform community service.

Their new home, newly built when the Rowells bought it, has five bedrooms and five-and-a-half bathrooms, as well as an infinity-edge swimming pool and floor-to-ceiling glass walls that retract to open the main living area to the back yard.

It’s their third major deal of the last couple years. Mossimo and Loughlin listed their Bel Air home early last year for $29 million and found a buyer at $18.7 million over the summer.

Not long afterwards, the couple bought a newly built mansion in Hidden Hills for $9.5 million.

[Dirt] — Dennis Lynch 





    Related Articles

    arrow_forward_ios
    From left: Kim Kardashian and Cindy Crawford with 33128 Pacific Coast Highway
    Kim Kardashian buys former Cindy Crawford home in Malibu for $70M
    Kim Kardashian buys former Cindy Crawford home in Malibu for $70M
    Ben Affleck with 1172 Napoli Drive (Getty, Redfin)
    Sale pending on Ben Affleck’s Pacific Palisades mansion
    Sale pending on Ben Affleck’s Pacific Palisades mansion
    Russell Westbrook and 400 N. Bristol Avenue (Getty, Hilyon & Hyland)
    Russell Westbrook puts Brentwood Park home on market for $30M
    Russell Westbrook puts Brentwood Park home on market for $30M
    From left: Oprah Winfrey and Jennifer Aniston with her Montecito estate  (Google Maps, Getty)
    Oprah flips Montecito estate to Jennifer Aniston for $15M
    Oprah flips Montecito estate to Jennifer Aniston for $15M
    Ellen DeGeneres and Portia de Rossi with  848 Hot Springs Rd (Getty, Compass)
    Ellen DeGeneres flips Montecito estate for $36M
    Ellen DeGeneres flips Montecito estate for $36M
    Joel Silver with 470 Layton Way
    Producer Joel Silver relists Brentwood mansion for $52M
    Producer Joel Silver relists Brentwood mansion for $52M
    33218 Pacific Coast Highway in Malibu and Cindy Crawford and Randy Gerber (Zillow, Getty)
    Cindy Crawford’s former Malibu mansion sells at discount
    Cindy Crawford’s former Malibu mansion sells at discount
    Steven Bochco with 1575 Carpri Dr (Compass, Getty)
    Steve Bochco’s estate in Pacific Palisades lists for $35M
    Steve Bochco’s estate in Pacific Palisades lists for $35M
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...