Lori Loughlin, Mossimo Giannulli to plead guilty in college admissions scandal

Full HouseactorLori Loughlin and her fashion designer husband, Mossimo Giannulli, agreed to serve prison time as part of a plea deal in the college admissions bribery case, according to court papers filed Thursday.

Loughlin has agreed to serve two months behind bars and Giannulli has agreed to serve five months under the deal that must be approved by the judge. They are scheduled to plead guilty Friday via video conference.

Loughlin, 55, and Giannulli, 56, were scheduled to go to trial in October on charges that they paid $500,000 (all figures US) in bribes to get their daughters into the University of Southern California as crew team recruits, even though neither of them played the sport.

The famous couple had insisted they were innocent and said they believed their payments were legitimate donations. Earlier this month, the judge rejected their bid to dismiss the case over allegations of misconduct by FBI agents investigating the scam.

They agreed to plead guilty to conspiracy to commit wire and mail fraud in a plea agreement filed in Boston's federal court. Prosecutors have agreed to dismiss charges of money laundering and federal programs bribery that were added after the case was filed.

"Under the plea agreements filed today, these defendants will serve prison terms reflecting their respective roles in a conspiracy to corrupt the college admissions process and which are consistent with prior sentences in this case," said U.S. Attorney Andrew Lelling in an emailed statement.

"We will continue to pursue accountability for undermining the integrity of college admissions."

An attorney for the couple declined to comment.

Loughlin and Giannulli were among 50 people arrested last year in the case dubbed "Operation Varsity Blues" that rocked the world of higher education. The couple are the 23rd and 24th parents to plead guilty in the case.

The case uncovered a scheme in which wealthy parents paid huge sums to secure students' admission at elite schools as fake athletic recruits or to have someone cheat on their entrance exams, authorities said.

Others who have pleaded guilty in the case include Desperate HousewivesactorFelicity Huffman. She served nearly two weeks in prison late last year after she admitted to paying $15,000 to have someone correct her daughter's entrance exam answers.