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Lori Loughlin and her husband Mossimo Giannulli are off-loading some pricey real estate ahead of their sentencing for bribing college officials.
The couple, who pled guilty and were sentenced in May to jail time and hefty fines for their involvement in the college admissions scandal, have sold their multi-million dollar Bel-Air mansion, reports say.
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Lori and her fashion exec hubby put the place on the market back in January. They recently resigned from the exclusive Bel-Air Country Club amidst the college scandal drama after senior members of the club objected to have "felons" as members. Ouch!
Their fall from grace continues as insiders reveal that they are now losing money on the real estate deal.
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Here's what we know: the Bel-Air mansion was listed for $28.65 earlier this year, but real estate insider doubts whether they got anywhere near that number. Desperate times call for desperate measures!
"They are still making money from the sale, just not as much as they hoped for," a close source told People magazine. "The house is spectacular with views of the Bel-Air Country Club."
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