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

  1. ^ Lori Loughlin(www.tmz.com)
  2. ^ Steve Madden(www.tmz.com)
  3. ^ additional crime(www.tmz.com)
  4. ^ $500k plan(www.tmz.com)

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