Imprisoned actress Lori Loughlin is calling for a judge to cut her $ 1 million bond to $ 100,000 because lawyers promise she won’t run.
The 55-year-old actress, who became famous on the Full House sitcom, pleaded guilty to paying bribes in May to get her daughters to the University of Southern California as fake recruits in the widespread admission scandal of Operation Varsity Blues.
She and her designer husband Mossimo Giannulli, 56, are sentenced on August 21 in Boston.
In a motion filed Monday, Loughlin and Giannulli asked the court to cut their $ 1 million bail by 90 percent. They also ask the court to drop the requirement that bonds be secured by money or property.
Imprisoned actress Lori Loughlin and her designer husband Mossimo Giannulli are calling on a judge to cut their $ 1 million bond to $ 100,000. The couple introduced themselves at a hearing in Boston on August 27 for their role in the university’s admission scandal
The 55-year-old actress, who became famous on the sitcom Full House, pleaded guilty to paying bribes in May to take her daughters to the University of Southern California as fake recruits. Pictured in 2019 with daughters Olivia Jade (left) and Isabella Rose (right)
The move comes days after the couple sold their Bel-Air mansion, which they previously used as collateral to cover their $ 2 million bail.
They relisted the six-bedroom house for $ 28.65 million earlier in January, a property source said People that the property was sold for “significantly less” than the pair had “hoped.”
“They’re still making money from the sale, just not as much as they hoped,” the insider revealed to the outlet.
Tinder co-founder Justin Mateen is said to be the upcoming owner of the 12,000-square-foot chic pad, which was first listed at $ 35 million in 2017, but is negotiating closer to $ 18 million, according to Variety.
The Hollywood couple’s lawyers “respectfully” filed for bond reduction.
“There is no evidence that defendants will flee instead of being convicted,” Loughlin’s legal team added.
“An unsecured bond, coupled with enough assets to collect, gives defendants the same incentive to appear in this case, which they will continue to do, of course.”
Make Money: Lori Loughlin and husband Mossimo Giannulli sold their multi-million dollar Bel-Air mansion, which they previously used as collateral to cover their $ 2 million anti-fraud deposit
Stunning Views: Loughlin and Giannulli bought the house in 2015 for $ 13.9 million, which has six bedrooms, nine bathrooms, a huge pool, two living rooms, a formal dining room, an expansive garden, and an eat-in kitchen.
They resold the six-bedroom house earlier in January for $ 28.65 million, but a real estate source told People that the property had sold for ‘significantly less’ than the couple had ‘hoped’
The move to cut their bond could free up money to pay the legal fees, Need Bur attorney Tim Burke, a former prosecutor, reasoned.
“With that bail they can pay the fine they expect. It’s a lot easier to do it that way, “he told the Boston Herald.
Judge Nathaniel Gorton has set their sentence for next month. He said he would rather decide whether to accept a plea deal that would require two months’ imprisonment for Loughlin and five months for Giannulli.
In the deal, Loughlin, who is guilty of one count of conspiracy to commit post and post fraud, is also required to pay a fine of $ 150,000 and serve 100 hours of community service.
Giannulli, who has been guilty of one conspiracy to commit wire and mail fraud and honest wire and mail fraud, has a proposed fine of $ 250,000 and must complete 250 hours of community service.
The couple faced sentences of up to 20 years’ imprisonment.
Loughlin and Giannulli were among the 50 people arrested last year in the case called Operation Varsity Blues that put the word of higher education to the test.
Felicity Huffman, the star of Desperate Housewives, served just 14 days before paying $ 15,000 to change her daughter’s SAT scores. Photo of leaving the courthouse with husband-actor William H. Macy in September 2019
Loughlin and Giannulli reportedly paid $ 500,000 to make it seem like their daughters Olivia Jade and Bella were rowing team swirls for the University of Southern California when they weren’t really athletes.
Another Hollywood star mentioned in the case was Desperate Housewives actress Felicity Huffman, who was only in prison for 14 days for paying $ 15,000 to change her daughter’s SAT scores.
Much of the scandal was conceived by Rick Singer, the university’s advisor.