Giannulli and Loughlin initially denied the allegations, but both ultimately pleaded guilty under a negotiated agreement. On August 21, 2020, Giannulli received five months in federal prison, a $250,000 fine, and supervised-release requirements, while Loughlin received a two-month sentence and a $150,000 fine. Giannulli reported to the medium-security federal penitentiary in Lompoc, California, on November 19, 2020, where COVID-19 precautions placed him in isolation rather than a minimum-security setting; his son publicly described the psychological and physical impact of the confinement as damaging. Giannulli was transferred to home confinement on April 2, 2021, released from it on April 16, and remained under supervised release until April 2023. The scandal transformed the public image of the designer behind Mossimo—from a self-made beachwear entrepreneur who had taken his company public in 1996 and later licensed it to Target in a $27.8 million agreement, into a convicted parent whose wealth and celebrity connections had been used to purchase an illicit route into elite higher education.
Preparing the daily feature…
AI concept artworkArchive Record · 2020s
From Target Empire to Lompoc: The Mossimo Founder’s Conviction and Prison Sentence
Mossimo Giannulli / 2020s
Giannulli and Loughlin initially denied the allegations, but both ultimately pleaded guilty under a negotiated agreement. On August 21, 2020, Giannulli received five months in federal prison, a $250,000 fine, and supervised-release requirements, while Loughlin received a two-month sentence and a $150,000 fine. Giannulli reported to the medium-security federal penitentiary in Lompoc, California, on November 19, 2020, where COVID-19 precautions placed him in isolation rather than a minimum-security setting; his son publicly described the psychological and physical impact of the confinement as damaging. Giannulli was transferred to home confinement on April 2, 2021, released from it on April 16, and remained under supervised release until April 2023. The scandal transformed the public image of the designer behind Mossimo—from a self-made beachwear entrepreneur who had taken his company public in 1996 and later licensed it to Target in a $27.8 million agreement, into a convicted parent whose wealth and celebrity connections had been used to purchase an illicit route into elite higher education.
The daily editorial is currently unavailable. There’s still an entire archive to explore.