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    Lori Loughlin and Mossimo Giannulli List Mansion as College Admissions Scandal Rages On

    Pat Greenhouse/The Boston Globe via Getty Image;

    Embattled former “Full House”  actress Lori Loughlin and her fashion designer husband, Mossimo Giannulli, have put their Los Angeles mansion on the market as they await their upcoming trial for their involvement in the college admissions scandal.

    The couple have listed their six-bedroom, nine-bathroom mansion, which sits along the Bel Air Country Club golf course, for $28,650,000, according to TMZ. Their trial is expected to begin in October. If found guilty, they could face up to 45 years behind bars.

    They purchased the home for $13.9 million in 2015 and put it back on the market two years later—for about 2.5 times more than what they paid for the contemporary, modern estate. But in 2018, they pulled the $35 million property off the market.

    The sale has nothing to do with the scandal or the significant jail time the couple could be facing, anonymous sources told TMZ. The sources claim it’s due to Giannulli’s passion for architecture and high-level home flipping. They renovated a 1920s Tuscan villa, a 1940s Georgian, also in Bel Air, and a contemporary home in Aspen, CO.

    The couple are accused of paying $500,000 to a college admissions consultant and his nonprofit to help get their two daughters into the University of Southern California as members of the crew team. Isabella Rose Giannulli and YouTube and Instagram influencer Olivia Jade Giannulli were accepted to the school even though they’d never done crew either previously or at the school.

    They’ve pleaded not guilty to charges of conspiracy to commit mail and wire fraud, honest services fraud, money laundering, and federal programs bribery.

    They’re not the only celebrities to be snared in the scandal. The federal government has charged 53 parents, including “Desperate Housewives” actress Felicity Huffman. Huffman served 11 days behind bars, paid a $30,000 fine, and was sentenced to do 250 hours of community service. She was found guilty of paying $15,000 to have her daughter’s SAT exam answers corrected.

    This week Huffman and her husband, actor William H. Macy, who wasn’t charged in the college admissions crimes, began looking for tenants for the rental property they own right next door to their Hollywood Hills home. They’re asking $16,500 a month for the five-bedroom, six-bathroom midcentury home on a hillside, according to Variety.

    They purchased the 4,500-square-foot home on a cul-de-sac in the Outpost Estates neighborhood for $3.8 million in 2012. It sits on just over an acre of land and features a sauna and swimming pool, multiple decks and patios, and views of the Los Angeles skyline.

    The post Lori Loughlin and Mossimo Giannulli List Mansion as College Admissions Scandal Rages On appeared first on Real Estate News & Insights |®.

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