Actress Lori Loughlin and fashion designer Mossimo Giannulli are trying to unload their estate next to the second hole of the Bel Air Country Club as the couple faces criminal charges emanating from the college admissions bribery scandal.
TMZ first reported that the 12,000-square-foot home is hitting the market, as a $28.7 million pocket listing with The Agency’s Arvin Haddad, co-star of the new CNBC show “Listing Impossible.” Haddad declined to comment.
Loughlin was the star of the 90s sitcom “Full House”, and Giannulli founded his eponymous clothing company, Mossimo. The couple pleaded innocent to money laundering charges stemming from the allegation that they paid $500,000 to the University of Southern California to ensure their daughters’ acceptance into the private Los Angeles university.
A trial is scheduled for October, and the couple faces 45 years in prison each if they are found guilty.
A source close to the couple told TRD that the Bel Air abode is not being shopped due to financial pressures stemming from a lengthy criminal case. Instead, Giannulli is a prolific buyer and seller of tony Los Angeles property, who enjoys designing estates, and refashioned the Bel Air property into a Mediterranean style abode.
Loughlin and Giannulli paid $13.9 million for the six-bedroom house in 2015. Two years later, they listed the estate for $35 million but took it off the market in July 2018.