Lori Loughlin Puts Up Los Angeles Residence for Sale Following College Admissions Scandal
Actress Lori Loughlin and Mossimo Giannulli have decided to sell their Los Angeles home, marking a significant move after Lori's involvement in the college admissions controversy led to her serving time in jail.
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Lori Loughlin and her husband Mossimo Giannulli have decided to sell their Los Angeles home for $17.5 million. This information has been confirmed.
The couple bought their 11,800-square-foot house in 2020 for $9.5 million. It is situated in the Hidden Hills community in Calabasas, California, offering stunning views of the mountains. The mansion features six bedrooms, seven full bathrooms, a swimming pool, bocci ball court, home theater, and wine cellar. Loughlin, 59, and Giannulli, 60, made the purchase a year after their involvement in the college admissions scandal.
In 2019, Loughlin and Giannulli were charged with paying bribes to get their daughters into USC by falsely claiming they were crew team recruits.
They admitted guilt in 2020. Loughlin spent two months in jail, while Giannulli served five months.
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Loughlin and Giannulli made a big change by buying a new home in Hidden Hills after the scandal. They downsized from their previous Bel Air home. Their old home was first listed for $35 million in 2017, then later reduced to $28.65 million in 2020. Eventually, they sold it for $18.75 million. The buyer's agent was Josh Flagg from Million Dollar Listing: Los Angeles.
After the scandal, Loughlin, Giannulli, and their daughters have been focusing on moving forward and starting anew.
Olivia Jade addressed the misconceptions surrounding her family's scandal on her podcast, "Conversations With Olivia Jade," in January 2022.
The YouTuber shared that one common misconception about her is that she doesn't work hard. Olivia clarified that she started her YouTube channel at 14 and put in a lot of effort. She also revealed that despite rumors about her grades, she actually had straight A's in high school and worked diligently to achieve them.
Olivia Jade mentioned to Dr. Hillary Goldsher that she began therapy when things started to go wrong for her family. She found it challenging to discuss the scandal due to her privileged upbringing.
The YouTuber acknowledged the fact that her parents' status has opened doors for her and that she leads a fortunate life. However, she also feels conflicted, recognizing that compared to the average person, she faces different challenges.
