8/29/2020 12:45 AM PT

As we first reported ... Tinder co-founder 8/29/2020 11:26 AM PT "I take full responsibility for my conduct. The couple dropped $9.5 million for the 11,748-square-foot pad, which is tucked inside a super-exclusive gated community.The farmhouse-style crib offers a "fresh take on luxury country living" ... from marble countertops and high ceilings to a sprawling, grassy backyard and swimming pool. Full House actor Lori Loughlin must serve two months in prison and her fashion designer husband, Mossimo Giannulli, must serve five months for paying half a … I went along with a plan to give my daughters an unfair advantage in the college admissions process and in doing so I ignored my intuition and allowed myself to be swayed from my moral compass," Loughlin said. "I have great faith in God and I believe in redemption and I will do everything in my power to redeem myself and use this experience as a catalyst to do good. 8/29/2020 12:30 AM PT "The couple funnelled money through a sham charity operated by college admissions consultant Rick Singer to get their two daughters into USC as crew recruits, even though neither girl was a rower, authorities said.Investigators had recorded phone calls and emails showing the couple worked with Singer to secure their daughters' admission with fake athletic profiles depicting them as star rowers.In one email, Singer told Loughlin and Giannulli he needed a picture of their older daughter on a rowing machine in workout clothes "like a real athlete. "Lawyers for Loughlin and Giannulli had insisted for more than a year that the couple believed their payments were "legitimate donations." 8/29/2020 12:40 AM PT 8/28/2020 7:12 PM PT "Gorton scolded Giannulli for what he described as "breathtaking fraud" made possible by his wealth and privilege. ""This disrespect of right and wrong deserves a meaningful sentence of imprisonment. 8/29/2020 8:38 AM PT "Trach said Loughlin has begun volunteering at a Los Angels elementary school, working with children with special needs.Describing the "devastating" impact the charges have had on the 56-year-old actor's family life and career, Trach said: "Lori lost the acting career she spent 40 years building. 8/29/2020 1:00 AM PT I am ready to accept the consequences and move forward, with the lessons I've learned from this experience," Giannulli said in a short statement in which he showed little emotion.Unlike most plea agreements, in which the judge remains free to decide the defendant's sentence, Loughlin's and Giannulli's proposed prison terms were binding should the judge accept the deals.In accepting the plea deals, Gorton said the prison terms are "sufficient but not greater than necessary punishment under the circumstances. Mossimo Giannulli is a famous American fashion designer, entrepreneur, and founder of the clothing company Mossimo.