Lori Loughlin, Mossimo Giannulli agree to plead guilty, serve prison time for college scam

Plea deal must be approved by the judge

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FILE - In this April 3, 2019, file photo, actress Lori Loughlin, front, and her husband, clothing designer Mossimo Giannulli, left, depart federal court in Boston after a hearing in a nationwide college admissions bribery scandal. On Thursday, May 21, 2020, the U.S. Attorney's Office in Boston said Loughlin and Giannulli have agreed to plead guilty to charges of trying to secure the fraudulent admission of their two children to the University of Southern California as purported athletic recruits. (AP Photo/Steven Senne, File)

BOSTON – “Full House” actress Lori Loughlin has agreed to serve two months behind bars and her fashion designer husband, Mossimo Giannulli, has agreed to serve five months as part of a deal to plead guilty to cheating the college admissions process, according to court papers filed Thursday.

Loughlin, 55, and Giannulli, 56, are scheduled to plead guilty Friday via video conference before a federal judge in Boston, who must approve the deal.

It's a stunning reversal for the famous couple who insisted for the last year they were innocent and that investigators had fabricated evidence against them. Their decision comes about two weeks after the judge rejected their bid to dismiss the case over allegations of misconduct by federal authorities.

“I think they made a calculated assessment that the risks were just too great” to bring the case to trial, said former federal prosecutor Bradley Simon.

They were scheduled to go to trial in October on charges that they paid $500,000 in bribes to get their two daughters into the University of Southern California as crew team recruits, even though neither of them played the sport. They helped create fake athletic profiles for their daughters by sending the admitted ringleader of the scheme, admissions consultant Rick Singer, photos of the teens posing on rowing machines, authorities said.

Lawyers for Loughlin and Giannulli had argued that the couple believed the payments were “legitimate donations” that would go directly to USC as a fundraising gift or support Singer’s charity. They also accused prosecutors of hiding crucial evidence that could prove the couple’s innocence because it would undermine their case.

They agreed to plead guilty to conspiracy to commit wire and mail fraud in a plea agreement filed in Boston’s federal court. Giannulli will also plead guilty to a charge of honest services wire and mail fraud, prosecutors said. Prosecutors have agreed to dismiss charges of money laundering and federal programs bribery that were added after the case was filed.

Under Loughlin's plea deal, she will also pay a $150,000 fine and perform 100 hours of community service. Giannulli has agreed to pay a $250,000 fine and perform 250 hours of community service.