Lori Loughlin and Mossimo Giannulli got their bail significantly reduced in the college admissions scandal case. The Full House star, 55, and her fashion designer husband, 56, each posted $1 million bonds in March 2019 and have since pleaded guilty to conspiracy charges. They are awaiting sentencing.
On Monday, lawyers for Loughlin and Giannulli filed a motion “respectfully” requesting the court release their $1 million bonds secured by their property, reduce their bail to $100,000 and lift the requirement that the $100,000 bonds also be secured by money or property, according to documents obtained by USA Today. The couple’s lawyers vowed they have no intention of fleeing ahead of their Aug. 21 sentencing hearing. The prosecution agreed and the motion was approved by a federal judge on Tuesday, the Boston Globe reports. The judge also released the lien on the couple’s $18 million Los Angeles home.
The couple’s request likely had something to do with the recent sale of their Bel Air mansion. On Friday, Variety reported Loughlin and Giannulli sold the property around $10 million below the most recent $28.7 million asking price. It seems the couple is ready to move on with their lives away from the ritzy neighborhood. Recently, they resigned from the exclusive Bel-Air Country Club.
Loughlin and Giannulli aren’t slumming it, though. A source tells People they are staying at a beach home they own in Orange County.
In May, Loughlin and Giannulli stunningly reversed course and pleaded guilty for their role in the college admissions scandal after maintaining innocence for over a year. They are accused of paying $500,000 to get their daughters into the University of Southern California as crew recruits, despite neither girl having played the sport.
Loughlin pleaded guilty to one count of conspiracy to commit wire and mail fraud. Under the terms of her agreement, the actress will receive a sentence of two months in prison, a $150,000 fine and two years of supervised release with 100 hours of community service. Giannulli pleaded guilty to one count of conspiracy to commit wire and mail fraud and honest-services wire and mail fraud. He will serve five months in prison, pay a $250,000 fine and have two years of supervised release with 250 hours of community service.
“Lori and Mossimo deeply regret what they did and want to put this experience behind them,” a source close to the pair recently told Yahoo Entertainment.
The agreement isn’t a done deal until the judge accepts it — or not — next month.
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