Lori Loughlin and Mossimo Giannulli Are ‘Disappointed’ They Won’t Be Sentenced Until August

by San Eli News

Lori Loughin and Mossimo Giannulli will have to wait a little longer for a judge to approve their plea deal in the nationwide college admissions scandal.

Although the Full House star and her husband wanted to face the judge in early July, the judge in the case has set a sentencing date for August 21.

You’ll get the latest updates on this topic in your browser notifications.

“They’re disappointed,” a legal source close to the couple tells PEOPLE. “The whole point of this was to put this behind them, and they wanted the hearing sooner rather than later.”

On May 22, Loughlin, 55, confessed to one count of conspiracy to commit wire and mail fraud, while Giannulli, 57, pleaded guilty to one count of conspiracy to commit wire and mail fraud and one count of honest services wire and mail fraud.

Under the terms of the deal, which is pending the judge’s approval, Loughlin agreed to serve two months in prison (though the coronavirus pandemic could affect that time), pay a $150,000 fine and do 100 hours of community service, while Giannulli agreed to serve five months, pay $250,000 and do 250 hours of community service.

Mossimo Giannulli and Lori Loughlin
L. Cohen/WireImage

RELATED: How Coronavirus Could Affect Lori Loughlin and Mossimo Giannulli’s Prison Sentences

Both could also spend two years on supervised release.

For more about Lori Loughlin and Mossimo Giannulli, pick up this week’s issue of PEOPLE, on newsstands Friday.

RELATED: Lori Loughlin & Mossimo Giannulli Realize It Was ‘Foolish’ Not to Take First Plea Deal: Source

The actress and her husband were accused of paying $500,000 to Rick Singer and Key Worldwide Foundation to falsely designate their daughters Olivia Jade Giannulli, 20, and Isabella Rose Giannulli, 21, as recruits to the University of Southern California crew team, even though neither of them ever participated in the sport.

“Lori and Mossimo deeply regret what they did,” says a second Loughlin source in the latest issue of PEOPLE. “This experience has taken a huge emotional and physical toll on both of them.”

Want to keep up with the latest crime coverage? Sign up for PEOPLE’s free True Crime newsletter for breaking crime news, ongoing trial coverage and details of intriguing unsolved cases.

Lori Loughlin and Mossimo Giannulli
Splash News Online

RELATED: Olivia Jade and Bella Giannulli Are ‘Supportive’ of Their Parents Taking Plea Deal, Source Says

Now with sentencing scheduled for Aug. 21, the couple has nearly three uncertain months ahead of them.

“At this point, they just want to find out their fate and to serve whatever time they need to serve, so they can move on with their lives and close this chapter,” says the source. “Now they have to wait most of the summer before they can take the next step towards closure. They’ll be okay, but they’re ready for this to be done.”