Actress Lori Loughlin and designer husband Mossimo Giannulli went to court to plead for lower bonds. The couple was arrested during Operation Varsity Blues in March of last year, and both had to put up $1 million bonds to be released. On Monday they asked the judge to reduce their bonds to $100,000.
Court papers also revealed that the couple specifically requested the removal of the provision that guarantees the bonds through a lien on their home. In the documents, their lawyer noted that the couple was unlikely to flee, and prosecutors agreed to the bond decrease.
As Loughlin’s sentencing date looms for her role in the college admissions scandal, she and Giannulli seem to be bracing for the possibility that they may be facing jail time.
Variety reported that they sold their recently renovated Bel-Air mansion to Tinder co-founder, Justin Mateen, for $10 million less than the $28.7 million asking price. The couple have also recently left their pricey Bel-Air Country Club. Loughlin has lost lucrative acting roles on Netflix’s “Fuller House” and recurring work with the Hallmark Channel in the wake of the scandal.
Loughlin and Giannulli vehemently denied paying $500,000 in bribes and falsifying daughters Olivia Jade and Isabella’s college resumes to get them admitted into The University of Southern California as student-athletes.
After a year of proclaiming their innocence and accusing the government of withholding evidence, the couple plead guilty in May when prosecutors released shocking email exchanges with scandal mastermind, Rick Singer, and photos of their eldest daughter posing on a rowing machine.
The plea agreement recommends a five-month sentence for Giannulli, and just two for Loughlin, who will be sentenced on August 21.