Lori Loughlin ‘Strapped For Cash,’ For This Reason, Why Mansion Is Really For Sale

As they prepare for their upcoming trial in relation to their alleged roles in the College Admissions Scandal, Lori Loughlin and Mossimo Giannulli have made a shocking move by putting their multi-million dollar mansion on the market. Now, the reason why the couple had quietly done so has been revealed.

According to a report from Us Weekly, the “Fuller House” actress and her fashion designer husband have been feeling the pain of their legal woes financially as well as emotionally. Sources told the publication that the famous couple, who are accused of paying $500,000 to William “Rick” Singer to get their daughters, Isabella Rose and Olivia Jade admitted to USC as false crew recruits, are “strapped for cash” after all the money they’ve shelled out on legal fees.

“Lori is stressed and worried about money being tight at the moment due to all their expenses with lawyers,” a source told the publication.

To make matters more difficult for the couple’s finances, Loughlin has been unable to take on any work since the scandal was first exposed in March 2019—and it cost her potentially lucrative paychecks from both the final season of “Fuller House” and her job with Hallmark on their hit series “When Calls the Heart.” With no new money coming in and plenty going out in legal fees, the couple reportedly doesn’t have another option but to try and sell their home, which is currently listed for $28 million—double what they paid for it in 2015.

“People around them were even shocked about the amount of money that Lori and Mossimo allegedly paid to get their daughters into school,” another source said. “They are strapped for cash right now [because] she can’t take on work at the moment.”

The legal bills will only likely continue to mount for the couple, as they are not set to stand trial until October 2020. They both face charges of fraud, money laundering and bribery, which they pleaded not guilty to.

The pair may also be forced to bring their daughters more into the spotlight when their case goes to trial as well, with reports stating that the girls could be called on to testify as witnesses if their parents did not change their pleas before then. It was also reported earlier that at one point, Loughlin was considering entering a guilty plea similar to Felicity Huffman’s, but in the end, she backed away from that decision at her husband’s insistence.

If convicted, both Loughlin and Giannulli could face maximum sentences of up to 40 years in prison. Thus far, the strictest sentence given to one of the other defendants in the case, Toby MacFarlane, was six months in prison. MacFarlane was found guilty of paying Singer $450,000 so that his children could also attend school at USC.