Olivia Jade is 'devastated' by college cheating scandal

Lori Loughlin

Lori Loughlin

Loughlin and Giannulli are facing charges over allegedly paying US$500,000 to cheat the system to ensure their daughters - Olivia Jade, 19, and Isabella Rose, 20 - secured places at USC College.

They also waived their right to appear in court for arraignment on the second superseding indictment, according to the signed document.

Huffman has already agreed to plead guilty to one count of conspiracy to commit mail fraud and honest service services mail fraud, but Loughlin, who faces the same charges, is said to be apprehensive to follow suit.

On Tuesday, both of them along with 14 other parents were accused of money laundering conspiracy.

While 40 years in prison seems like a wildly unrealistic outcome, it appears that the star will do at least some length of time behind bars. Although, most experts agree that the chance of sentencing that severe is nearly nonexistent.

The source claims that Loughlin is "freaking out" and upset that she didn't accept the initial deal. "It wasn't until she was faced with [the] additional [charge] that she saw the true ramifications".

"[The prosecutors] are saying that the only way anyone's going to escape jail time is if they go to trial and are found not guilty", the source told PEOPLE.

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"Based on these charges and the fact that they have not been in legal trouble before, and the fact that, probably, they are not a security risk, they'll probably be at a minimum security prison", Stockman speculated.

Other parents comprise Michelle Janavs, whose family produced the microwave bite line Hot Pockets before selling their company, also William McGlashan, who co-founded an investment fund with U2's Bono at 2017.

The parents are accused of paying an admissions adviser, Rick Singer, to cheat their kids' college entrance examinations and get their kids admitted as spouses at these schools like Yale and Georgetown.

As most know, Lori and her man, Mossimo Giannulli, were implicated in a nationwide scam involving many other individuals as well, including Felicity Huffman and other lesser-known figures. It was very important for her to be able to say that her girls were at USC, ' a source told Page Six.

This wasn't the first on-air announcement she made this week about "WCTH", though.

Unlike Loughlin, Huffman allegedly copped a plea deal that will likely only require her to pay a hefty fine and serve probation. "My desire to help my daughter is no excuse to break the law or engage in dishonesty".

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