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. (AP Photo/Steven Senne, File)
Actress Lori Loughlin and her fashion designer husband, Mossimo Giannulli, have agreed to plead guilty to charges in the college admissions bribery case and serve two months in prison, according to court papers filed Thursday.
The couple agreed to plead guilty to conspiracy to commit wire and mail fraud in a plea agreement filed in Boston’s federal court. The charge carries up to 20 years in prison and a fine of $250,000.
Prosecutors have agreed to dismiss charges of money laundering and federal programs bribery that were added after the case was filed.
“Under the plea agreements filed today, these defendants will serve prison terms reflecting their respective roles in a conspiracy to corrupt the college admissions process and which are consistent with prior sentences in this case," said United States Attorney Andrew Lelling. "We will continue to pursue accountability for undermining the integrity of college admissions.”
An attorney for the couple declined to comment.
Loughlin and Giannulli previously pleaded not guilty and firmly insisted on their innocence even as other parents reached deals with prosecutors. The couple are the 23rd and 24th parents to plead guilty in the case.
Loughlin and Giannulli are accused of paying $500,000 in bribes to get their daughters into the University of Southern California as crew team recruits, even though neither of them played the sport.
In this edition of Tik Talk None Of The Above's J.D. Durkin breaks down the latest trend on TikTok where people sit down to tape a scholarship application video and it all goes off the rails.
First American Deputy Chief Economist Odeta Kushi joins Closing Bell to discuss the pros and cons of renting vs. owning your home in the current market. Owning can involve extra costs -- but compared to renting, it's better to own in order to build equity.
It's hard to believe that 2020 will soon be something we went through two years ago. Although we are making progress as a society, it's clear that looming mental health problems continue to be reported for people nationwide. A new study by the telehealth company Evernow, found that women are largely being impacted by the tolls of the pandemic. Dr. Alicia Jackson, CEO and founder of Evernow joins us to discuss those factors.