Olivia Jade Was on a USC Official's Yacht Amid College Admissions Bribery Scandal

Olivia Jade was reportedly in the Bahamas on billionaire Rick Caruso's yacht when news about her mother's college admissions bribery scandal broke

As Lori Loughlin returned to Los Angeles in the wake of her college admissions bribery scandal this week, her daughter Olivia Jade was reportedly on board a luxury yacht.

On Tuesday evening, while Loughlin was taking an overnight flight from Canada to L.A. to surrender to authorities, 19-year-old Olivia Jade was on billionaire Rick Caruso’s yacht in the Bahamas, according to TMZ.

The outlet reports that Olivia Jade was on the glitzy vessel with Rick’s daughter, Gianna Caruso.

“My daughter and a group of students left for spring break prior to the government’s announcement yesterday,” Rick, 60, told the outlet. “Once we became aware of the investigation, the young woman decided it would be in her best interests to return home.”

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Ollvia Jade, Lori Loughlin. Steve Granitz/WireImage

According to L.A. Times, Rick is the owner of Invictus. The vessel is a 216-foot yacht that sleeps up to 12 guests in 9 rooms and is estimated to charter for approximately $616,500 per week (plus expenses) in the summer and $525,000 per week (plus expenses) in the winter, Yacht Charter Fleet’s website states.

Loughlin’s rep had no comment. A rep for Rick Caruso did not immediately respond to PEOPLE’s request for comment.

Rick, the CEO of Caruso — “one of the largest and most admired privately held real estate companies in the United States,” according to his biography — developed The Grove shopping center in Los Angeles.

His biography also states that he “was elected as Chair of the Board of Trustees and Executive Committee of the University of Southern California,” where Olivia Jade currently attends university in L.A.

Federal court records unsealed Tuesday in Boston name 50 people, including Loughlin, who have been allegedly indicted as part of the nationwide scheme, according to a release from the U.S. Attorney’s Office in Massachusetts.

“Dozens of individuals involved in a nationwide conspiracy that facilitated cheating on college entrance exams and the admission of students to elite universities as purported athletic recruits were arrested by federal agents in multiple states and charged in documents unsealed on March 12, 2019, in federal court in Boston,” the release said on Tuesday.

Loughlin and her husband, fashion designer Mossimo Giannulli, allegedly paid $500,000 to make it appear that their daughter had been a rower, the indictment states. (Olivia Jade is not currently listed on the USC women’s rowing roster. It’s unclear if she was aware of the alleged scheme, and she was not charged.)

The couple, who were both indicted, “agreed to pay bribes totaling $500,000 in exchange for having their two daughters designated as recruits to the USC crew team — despite the fact that they did not participate in crew — thereby facilitating their admission to USC,” state the documents.

A USC spokesperson said in a statement obtained by PEOPLE that the university is “going to conduct a case-by-case review for current students and graduates that may be connected to the scheme alleged by the government.”

“We will make informed, appropriate decisions once those reviews have been completed,” the statement reads. “Some of these individuals may have been minors at the time of their application process.”

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The Fuller House star faces felony charges of conspiracy to commit mail fraud and honest services mail fraud.

On Wednesday, Loughlin was arrested after taking an overnight flight from Canada, where she had reportedly been filming. (Giannulli appeared in federal court on Tuesday and was released after posting a $1 million bond.)

Also on Wednesday, the judge specified that the actress will be allowed to speak to her two daughters and husband about the charges, but to no one else connected with the case, reports Variety.

Just hours after she was taken into custody, Loughlin made her first appearance in federal court in Los Angeles where a judge set her bond at $1 million, according to the Associated Press, the Orange County Register and the San Gabriel Valley Tribune.

Loughlin is permitted to travel to British Columbia, where she has filming projects in Vancouver, but must surrender her passport in December, according to the O.C. Register. She will also face charges in Boston Federal Court on March 29, according to Variety.

An attorney for Loughlin did not immediately respond to PEOPLE’s request for comment. A representative for Loughlin had no comment.

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