"My daughter and a group of students left for spring break prior to the government's announcement yesterday," Caruso told TMZ. "Once we became aware of the investigation, the young woman decided it would be in her best interests to return home." The luxury yacht according to various yacht-focused websites , it worth roughly $100 million. A steep investment for literally almost anyone, but not so when you consider that Caruso is the real estate tycoon who developed the popular Los Angeles retail center, The Grove. The 215-foot "Invictus" yacht can sleep up to 12 guests while housing a staff of 19 crew members. It features a hot tub, an elevator, and a gym. It also was the subject of scrutiny when Caruso hosted its "christening" party in a Newport Harbor, inhibiting other smaller boats from docking. Forbes estimates that Caruso is worth $4 billion, as of March 2019.<doc-sep>When news of the national college cheating scandal was unfolding Tuesday, 19-year-old USC student Olivia Jade Giannulli was reportedly in the Bahamas on the yacht of billionaire Rick Caruso, the chairman of USC's Board of Trustees, according to the Hollywood Reporter. Olivia's parents, actress Lori Loughlin and fashion designer Mossimo Giannulli, have been charged with paying $500,000 in bribes to get Olivia and her sister accepted as recruits for the rowing team at the University of Southern California, even though neither took part in the sport. The Hollywood Reporter found Olivia was on a spring break trip with Caruso's daughter Gianna "Gigi" Caruso and returned to Los Angeles Wednesday. "My daughter and a group of students left for spring break prior to the government's announcement yesterday. Once we became aware of the investigation, the young woman decided it would be in her best interest to return home," Caruso, a real estate mogul, told TMZ. Lori Loughlin gained fame for her role as the wholesome "Aunt Becky" in the 1990s sitcom "Full House," and for the past few years has become the queen of the Hallmark channel with her holiday movies and the series "When Calls the Heart." Loughlin married Giannulli, her second husband, in 1997. Olivia Jade is a celebrity in her own right. She has a YouTube channel with nearly two million followers, and more than a million followers on Instagram. She often touts brands in paid ads on her accounts, and since last fall has incorporated her student life at USC. In one YouTube post, she talked about the difficulty of juggling her career with school, and said she didn't know how much she would actually attend. She also added that she was going to school for the partying, not academics: "I don't really care about school, as all you guys know." She later apologized. In an interview with the website TheBlast.com, she said she decided to go to college despite her fame because of her parents. "Mostly my parents really wanted me to go, because both of them didn't go to college," she said. "They didn't make me. My sister goes to the same school, and we're pretty much inseparable, so it was nice following in her footsteps a little bit." Loughlin went straight into acting after high school, appearing on the soap opera "The Edge of Night." She became a star on "Full House," a standout hit of ABC's family-friendly TGIF lineup in the early 1990s, and appeared on the recent Netflix reboot "Fuller House." She stars in the Hallmark series "When Calls My Heart" and is scheduled to appear in several new "Garage Sale Mysteries" movies and is a regular part of the channel's holiday movie slate. A judge said Wednesday Loughlin can be released after posting $1 million bond in the college bribery case. Federal authorities called have called the scam the biggest college admissions scam ever prosecuted by the U.S. Justice Department, with the parents accused of paying an estimated $25 million in bribes. At least nine athletic coaches and 33 parents, many of them prominent in law, finance, fashion, the food and beverage industry and other fields, were charged. The Associated Press contributed to this report.<doc-sep>Image : Getty It’s only a matter of time before noted vlogger and University of Southern California freshman Olivia Jade, whose mother Lori Loughlin allegedly bribed the school with $500,000 to admit her daughter, releases some kind of YouTube apology or tearful explainer about what’s going on. Until then, there’s TMZ—and the gossip site reports that, when the news about the alleged college admissions scam broke, Jade was enjoying spring break in the Bahamas, and spent the night on a billionaire’s yacht. Advertisement The yacht in question belongs to Rick Caruso; Jade is friends with his daughter, Gianna. Crucially, TMZ adds, Jade is “off the boat now.” Caruso confirmed that, while Jade and his daughter were on spring break together, Jade “decided it would be in her best interests to return home” when the news involving her mom broke. Crucially , Caruso is the Chairman of the USC Board of Trustees and called the allegations against the school’s employees “disturbing.” But TMZ notes that he won’t be in charge of deciding Jade’s fate —that would be the university president. Oh, what a tangled web these teen influencers and their celebrity parents weave! [TMZ] Ben Affleck knows nobody liked his back tattoo—which is maybe why he lied back in 2016 and said it was fake. It is decidedly not fake, and Affleck, today, can stand tall and proud even with his shirt off and say he loves his tattoo of a phoenix rising up his posterior. “Sentiment ran, you know, against,” Affleck told Ellen DeGeneres, of the moment when paparazzi first caught a pic of the tattoo while he was on the beach. But Affleck doesn’t care. “I love my tattoo, I’m very happy with it,” he says. “Yeah,” DeGeneres adds, “it’s your tattoo, it’s your back.” Truer words have never been spoken. Live and let men get as many tattoos of mythical creatures as they want. DeGeneres did point out though, and I can’t believe no one thought of this sooner, that the phoenix is “rising from your ass,” a detail I won’t soon forget. [People]<doc-sep>Click to email this to a friend (Opens in new window) Click to share on Twitter (Opens in new window) Click to share on Facebook (Opens in new window) Lori Louhglin’s daughter was celebrating spring break on a yacht owned by a USC board of trustees member the same day her mother was ensnared in a widespread college bribery case, according to a new report. Loughlin’s daughter Olivia Jade was on Rick Caruso’s yacht in the Bahamas when federal prosecutors announced her mother would be charged with paying bribes to get her daughter accepted to USC, TMZ reported. Olivia Jade and Caruso’s daughter, Gianna, are friends and appear in social media posts together, the gossip site reported. Loughlin, who starred in the hit sitcom “Full House” in the 1990s, paid $500,000 with her husband, Mossimo Giannulli, to get their two daughters into the University of Southern California — by pretending the girls were crew athletes, prosecutors said Tuesday. Jade returned to the US after her mother was charged, according to the report. “My daughter and a group of students left for spring break prior to the government’s announcement yesterday,” Caruso told TMZ. “Once we became aware of the investigation, the young woman decided it would be in her best interests to return home.”<doc-sep>
Lori Loughlin's daughter Olivia Jade Giannulli was spending spring break on a University of Southern California official's yacht when her mother was accused Tuesday of involvement in a college admissions scheme, reports said. Giannulli, 19, was on Rick Caruso's luxury yacht Invictus in the Bahamas, a report said. Caruso is chairman of USC's Board of Trustees. Giannulli, who currently attends USC, was with Caruso's daughter Gianna and several other friends, the outlet reported. FELICITY HUFFMAN, LORI LOUGHLIN MOCKED BY FELLOW CELEBRITIES OVER COLLEGE ADMISSIONS CHEATING SCANDAL "My daughter and a group of students left for spring break prior to the government's announcement yesterday," Caruso told TMZ. "Once we became aware of the investigation, the young woman decided it would be in her best interests to return home." "Once we became aware of the investigation, the young woman decided it would be in her best interests to return home." — Rick Caruso, chairman of USC's Board of Trustees USC TO 'REVIEW' STUDENTS, GRADS WHO MAY BE LINKED TO COLLEGE ADMISSIONS CHEATING SCANDAL Loughlin's daughter has since returned to Los Angeles to face the allegations that could result in her getting expelled from USC. USC's Board of Trustees will not decide the status of Giannulli and the other students involved in the case, but rather, the university's president will make the decisions, according to TMZ. Loughlin's rep had no comment. Business deals in jeopardy? Giannulli is a YouTube beauty vlogger and social media star, but in the midst of her mother's charges, she may lose the lucrative brand-sponsorship deals she has landed over the years, Variety reported. HP, having cut ties with Giannulli, said in a statement to Fox News, “HP worked with Lori Loughlin and Olivia Jade in 2017 for a one time product campaign. HP does not currently have a relationship with either of them," adding that the company does not have any current or ongoing campaigns with the mother and daughter. Sephora told Variety on Thursday that the cosmetics retailer has dropped its business deal with the influencer, saying in a statement, “After careful review of recent developments, we have made the decision to end the Sephora Collection partnership with Olivia Jade, effective immediately.” CLICK HERE TO GET THE FOX NEWS APP Giannulli also cut brand deals with partners including Amazon, Dolce & Gabbana, Lulus, Marc Jacobs Beauty, Smashbox Beauty Cosmetics, Smile Direct Club, Too Faced Cosmetics, Boohoo, and Unilever’s TRESemmé, the report said. Giannulli's rep declined to comment, Variety reported. Estée Lauder Companies, which owns Smashbox and Too Faced, also declined to comment, while the other brands or companies the magazine reached out to did not immediately respond to their requests for comment.