Loughlin and Giannulli appeared via Zoom before U.S. District Judge Nathaniel Gorton, each in a separate screen seated next to their attorneys. Loughlin was asked how she pleaded on a count of conspiracy to commit wire and mail fraud.
“Guilty,” she said.
Giannulli was asked for his plea on conspiracy to commit wire and mail fraud and honest services wire and mail fraud.
“Guilty,” he said.
Gorton set the sentencing for Aug. 21, denying a defense request for an earlier hearing.
Under a plea agreement, Loughlin is expected to be sentenced to two months in prison. Giannulli will face five months. Both will also face two years of supervised release. Loughlin will be ordered to pay a $150,000 fine, and Giannulli will be ordered to pay $250,000.
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