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.

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A photo of the luxury yacht owned by Rick Caruso. (Delta Marine)

"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

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Loughlin's daughter has since returned to Los Angeles to face the allegations that could result in her getting expelled from USC.

Lori Loughlin's daughter Olivia Jade Giannulli and several of her friends were enjoying spring break on the yacht. (Delta Marine)

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.

Lori Loughlin and daughter Olivia Jade Giannulli attend Women's Cancer Research Fund's An Unforgettable Evening Benefit Gala at the Beverly Wilshire Four Seasons Hotel on Feb. 27, 2018, in Beverly Hills, California. (Getty)

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.”

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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.