Lori Loughlin and Mossimo Giannulli are moving out of their elegant Bel-Air mansion and the property is now in custody, according to new reports.
The couple, who are awaiting sentencing for their role in the infamous college admission scandal after pleading guilty in May, are said to have entertained a series of offers for Spanish-style palatial heritage, settling on a number they still give them. A profit on the property, a source told “Entertainment Tonight” on Monday.
Loughlin, 55, and Giannulli, 57, listed their Bel Air home in January for $ 28.65 million, the outlet reported, but they sold the sprawling mansion for about $ 18 million to Tinder co-founder Justin Mateen. , according to Variety, which cited sources in identifying the estimated sale price.
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Lori Loughlin and Mossimo Giannulli’s Bel-Air House (Google Street View)
In January, when Loughlin and Giannilli first listed their house on the market, a source told “Entertainment Tonight” at the time that people were “shocked” by his decision, noting that even though they “had wanted to sell your home for a long time. ” time “just” was not a priority “.
Variety reported that the couple paid $ 14 million for the house.
LORI LOUGHLIN, MOSSIMO GIANNULLI EXPELLED FROM THE BEL-AIR COUNTRY CLUB
The informant also relayed to “Entertainment Tonight” that the actress and fashion designer “have been through so much in the past year” and putting the house up for sale was “a step they are taking in an attempt to return to their normal lives.” . “
The couple also recently parted ways with the Bel-Air Country Club, TMZ reported last month. The club board voted unanimously to suspend their memberships following the guilty plea, but to allow them to return after serving their prison terms.
The duo has been accused of arranging a total collective payment of $ 500,000 to William “Rick” Singer for their daughters, Olivia Jade and Isabella, to be recruited at the University of Southern California (USC) as athletes on the crew team. , despite never having participated in the sport
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The bribery charges carry a maximum sentence of up to five years in prison and a fine of up to $ 250,000. The couple was also charged with money laundering and conspiracy charges that carry a potential sentence of 40 years.
FILE – In this April 3, 2019, file photo, actress Lori Loughlin, front, and her husband, clothing designer Mossimo Giannulli, left, leaving Boston federal court after a hearing in a scandal. of bribery of university admissions nationwide.
((AP Photo / Steven Senne, file))
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Under the terms of their agreement, Loughlin would serve two months and pay a $ 150,000 fine along with two years of supervised release and 100 hours of community service. Giannulli, meanwhile, would serve five months in prison, pay a $ 250,000 fine with two years of supervised release and 250 hours of community service.
Parents who have already pleaded guilty in the case include former “Desperate Housewives” star Felicity Huffman. She spent almost two weeks in prison after admitting that she paid $ 15,000 for someone to correct her daughter’s entrance exam answers.
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The sentence for the pair is scheduled for August 21.
Stephanie Pagones from Fox News ‘Tyler McCarthy and Fox Business’ contributed to this report.
