Back in May, Lori Loughlin and Mossimo Giannulli pleaded guilty to a plethora of charges they got hit with for paying $500,000 to get their daughters, Isabella Rose and Olivia Jade into USC, as part of the College Admissions Scandal. In exchange for admitting they’re guilty, they both agreed to do prison time and are waiting to find out if a judge will accept the plea deal.
Their pending sentencing has reportedly fucked with the sale of their Bel-Air mansion and now they’re asking for the court to give them some more leniency and reduce their bond so they can close a deal. And so they’re trying to convince the court that selling their home doesn’t make them a flight risk. Well, I believe they’re much less a flight risk than someone like R. Kelly but that’s not saying much…
As part of the plea deal, Lori agreed to serve 2 months in prison, pay $150,000 in fines, do two years of probation, and finish 100 hours of community service. Mossimo has agreed to 5 months in prison, pay $250,000 in fines, also do two years of probation, and complete 250 hours of community service. While they wait to be sentenced in a hearing on August 21, they’re out on a $1 million bond. The Mercury News says there’s a problem, though. They used their Bel-Air mansion as collateral to secure their bonds. And their Bel-Air mansion is currently in escrow.
The couple specifically want the judge to remove the requirement that their bonds be secured by a lien on their home. As it happens, they are in escrow to sell the Bel Air mansion they used as collateral to their secure their bonds.
After trying to sell their mansion for quite some time (there were rumors they were selling their house to pay legal bills), they finally sold it to Tinder co-founder Justin Mateen. They were asking $28.7 million but got much less. Justin reportedly offered $18 million for it. So now they need to get that bond reduced to free up their house to sell, and they’ve asked for it to come down from $1 million to $100,000. Their lawyers wrote to the court and argued that their clients are not flight risks:
“There is no indication that defendants will flee rather than face sentencing.”
Prosecutors are okay with the bond reduction and now it’s up to the judge to decide.
You know, I have to hand it to Lori and her bartering skills. Those skills will really come in handy in her white-collar prison when she wants to trade a mini Fructis conditioner for an extra can of White Claw at prison brunch. They have those in white-collar prison commissaries, right?