Lori Loughlin and Mossimo Giannulli will plead guilty, accept prison time in college admissions scandal

Lori Loughlin.
(Image credit: Getty Images)

Actress Lori Loughlin and her fashion designer husband Mossimo Giannulli have finally accepted prison time for their college admissions scandal.

Loughlin and Giannulli are scheduled to plead guilty to bribing the University of Southern California on a Friday video conference, with Loughlin facing two months of prison time and Giannulli facing five months. The couple will also have to pay a total of $400,000 in fines and perform community service, prosecutors said Thursday.

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Loughlin will plead guilty to one count of conspiracy to commit wire and mail fraud, and Giannulli will plead guilty to one count of conspiracy to commit wire and mail fraud and honest services wire and mail fraud, CNN reports. After their prison terms, Loughlin will be subject to a year of supervised release and will have to complete 100 hours of community service, and Giannulli will face two years of supervised release and have to complete 250 hours.

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Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.