Loughlin and husband plead guilty in college admissions scandal

"Full House" actress Lori Loughlin and her husband, fashion designer Mossimo Giannulli, pleaded guilty on Friday via videoconference to participating in a U.S. college admissions fraud scheme to secure spots for their daughters at the University of Southern California.

Both Loughlin and her husband have agreed to serve two months and five months in prison, respectively, under plea agreements that are subject to approval by a federal judge in Boston.

The couple are among 53 people charged with participating in a scheme where wealthy parents conspired with a California college admissions consultant, William "Rick" Singer, to use bribery and fraud to secure their children's admission to top schools.

Prosecutors allege Loughlin and Giannulli agreed with Singer to pay $500,000 in bribes to get their two daughters, Olivia Jade and Isabella Rose Giannulli, admitted to the university as fake rowing team recruits.

They each pleaded guilty to conspiracy to commit wire and mail fraud.In addition to the prison sentences, Loughlin has agreed to pay a fine of $150,000 and do 100 hours of community service.

Giannulli agreed to pay $250,000 and carry out 250 hours of community service.