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Lori Loughlin & Husband Mossimo Giannulli Will Plead Guilty In College Admissions Scandal

Lori Loughlin & Husband Mossimo Giannulli Will Plead Guilty In College Admissions Scandal
May 21, 2020 - 22:22 / Lucas Anderson

It appears that Lori Loughlin and Mossimo Giannulli's college admissions case is nearing a conclusion. Get the latest on their new guilty plea here.

Lori Loughlin's college admissions bribery case is moving toward its end.

On Thursday, news broke that Loughlin and her husband, Mossimo Giannulli, pled guilty to conspiracy charges.

Specifically, both pled guilty to one count of conspiracy to commit wire and mail fraud, while Giannulla carries an additional charge on honest services wire and mail fraud.

In this plea deal, Loughlin would serve two months in prison while Giannulli would serve five months, according to Variety. They would also pay fines and perform community service in the deal.

Lori Loughlin exits the courthouse in Boston on April 3rd.

Lori Loughlin regrets mishandling bribery scandal

Loughlin and Giannulli were accused of bribing admissions consultant Rick Springer with $500,000 to get their daughters into the University of Southern California with falsified athletic profiles.

The guilty plea comes as a change of course, as well, after an earlier attempt to fight the charges. And an insider told People that the couple now regrets not taking earlier plea deals. 

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"In hindsight, they should have taken the first deals offered to them last spring, which were nearly the same exact terms as this deal," the insider said. "They would have spent their time in jail by now and we wouldn’t be having this conversation."

"But they were still reeling from the accusations and trying to understand what they did that was allegedly wrong and illegal, so they weren’t ready to take the deal then. But looking to the future, it made sense to take their medicine and move on."

Lori Loughlin and her two daughters

RELATED: Lori Loughlin Released on $1 Million Bond Following Arrest

Lori Loughlin and husband Mossimo Giannulli are ready to move on

Loughlin and Giannulli were caught as part of an investigation that also led to a brief prison sentence for Felicity Huffman, who got 11 days in jail for paying the same admissions consultant to raise her daughter's SAT score.

"[Loughlin and Giannulli] want to serve their sentences ASAP so they can just pay their dues, take their medicine, get it behind them, and move on," the insider also told People.

The married couple was arrested in March 2019, and the scandal led to Loughlin's firing from Netflix's Fuller House.