Lori Loughlin, Mossimo Giannulli to serve prison time for college scam

Under Loughlin's plea deal, she will also pay a $150,000 fine and perform 100 hours of community service; Giannulli has agreed to pay a $250,000 fine and perform 250 hours of community service

Full House actress Lori Loughlin and her fashion designer husband, Mossimo Giannulli, agreed to serve prison time as part of a deal to plead guilty to cheating the college admissions process, according to court papers filed on Thursday.

Loughlin, 55, has agreed to serve two months behind bars and Giannulli, 56, has agreed to serve five months under the deal that must be approved by the judge. They are scheduled to plead guilty on Friday via video conference.

It's a stunning reversal for the famous couple who insisted for the last year they were innocent and that investigators had fabricated evidence