Lori Loughlin and her husband, Mossimo Giannulli, have pled guilty in the college admissions scandal.
Before the guilty plea, the couple had denied any involvement in the college admissions scandal, where wealthy parents paid out large bribes to get their children into prestigious schools.
Loughlin and Giannulli were charged after allegedly paying $500,000 in bribes to get their two daughters into USC as recruits for the rowing team. Neither daughter rowed competitively or otherwise participated in crew.
Loughlin pleaded guilty to one count of conspiracy to commit wire and mail fraud. She will be sentenced to two months in prison and a $150,000 fine. She will also face 24 months of supervised release which includes 100 hours of community service.
However, Giannulli's plea included stricter penalties. He pled guilty to one count of conspiracy to commit wire and mail fraud and he will serve five months in prison. He was fined $250,000 and has two years of supervised release as well as 250 hours of community service.
So, what's next?
Rebecca Rose Woodland, litigator and legal analyst, joined TheStreet to break it down.
Watch the video above for more.
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