Lori Loughlin and her husband, Mossimo Giannulli, have sold their home in Bel Air, California, to the co-founder of Tinder, The Los Angeles Times reports.

  • The celebrity couple — who pleaded guilty earlier this year in the college admissions scandal — sold the house to Tinder co-founder Justin Mateen for $18.75 million.
  • The property was listed for $28.7 million originally, Business Insider reports. The house has six bedrooms, nine bathrooms.
  • Loughlin and Giannulli purchased the home for $14 million five years ago, suggesting “they’ll likely take a net loss, as they spent a small fortune renovating the property during their stay,” according to the Los Angeles Times.

Context:

  • Selling the home comes as Loughlin and her husband resigned from an exclusive Bel-Air Country Club after the college admissions scandal.
  • Loughlin and Giannulli pleaded guilty in the college admissions scandal earlier this year. The celebrity couple had been accused of paying $500,000 in bribes so their daughters, Olivia Jade and Isabella Rose Giannulli, would be crew recruits for the University of Southern California. The couple originally pleaded not guilty for the entire year until changing their plea in early 2020. The couple awaits sentencing with a federal judge next month.