Steve Madden Lori Loughlin Was a 'Foolish' Mom ... But PRISON Time? C'Mon!!!
EXCLUSIVE
Lori Loughlin[1], her hubby and all the parents involved in the biggest college admissions scam in U.S. history should NOT do any time behind bars ... so says Steve Madden[2].
We got the famous shoe designer, and ex-con, Tuesday in NYC ... and who better to ask about Lori and Mossimo Giannulli 's case? Remember, Madden did 2 and a half years in prison for money laundering and stock fraud.
He joked Lori might need some help at the prison commissary soon -- but then got serious about what she's facing.
As we reported ... a Federal Grand Jury indicted Lori and Mossimo with an additional crime[3] of "conspiring to launder the bribes" on top of conspiracy to commit mail fraud and honest services mail fraud. The new charges could mean nearly 5 years in prison, at minimum, if they're convicted.
Steve, who admits he knows Mossimo, thinks a prison stretch is absurd in this case. Watch the video ... he calls their $500k plan[4] to get their girls into USC, "misguided, for sure" -- but adds it doesn't warrant incarceration.
Madden's cutting 'em some slack -- but, for now, prosecutors are out for blood.
References
- ^ Lori Loughlin(www.tmz.com)
- ^ Steve Madden(www.tmz.com)
- ^ additional crime(www.tmz.com)
- ^ $500k plan(www.tmz.com)