Lori Loughlin’s Mansion Up For Sale
By: Sierra Calvetti
Is Lori Loughlin preparing her future for the simple life by selling her mansion? The Full House actress, and her husband Mossimo Giannulli, most recently listed their 12,000- square-foot, 6 bedroom Bel Air mansion for $28 Million in the wake of Loughlin and Giannulli’s trial for the college admission scandal.
Both Loughlin and Giannulli have been charged with conspiracy to commit fraud, money laundering, and bribery in Operation Varsity Blues. Prosecutors claim they paid $500,000 to ensure their two daughters, Isabella and Olivia, were admitted to the University of Southern California as crew recruits even though the two of them have never done the sport before.
News broke last year about the college admission scandal with 50 individuals being accused of bribery and cheating, so their kids can get into a top university. A number of those parents, including actress Felicity Huffman, have pleaded guilty. Huffman served her sentence last October for less than two weeks. Meanwhile, Loughlin and Giannulli have pleaded not guilty and are preparing for their upcoming trial in October.
However, while Loughlin and Giannulli are dealing with their ongoing legal issues, sources say that the sale of their home is not related to the case against them. They have been trying to sell their home for a couple of years with the listing price in the past being $35 Million, but have not received any takers. Close friends have commented that they are actually into flipping homes as Giannulli particularly enjoys buying, redesigning, and selling. It had been their plan all along, since both their daughters are adults now.