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Lori Loughlin and Mossimo Giannulli agree to plead guilty in college admissions scam

Loughlin will be sentenced to two months in prison

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Actress Lori Loughlin and fashion designer Mossimo Giannulli have agreed to plead guilty to conspiracy charges in connection with their role in the college admissions scam, the US Attorney's Office in the District of Massachusetts said.

Loughlin, 55, and Giannulli, 56, had been accused of paying $500,000 to get their two daughters into the University of Southern California as fake crew team recruits. They had pleaded not guilty and moved to dismiss charges as recently as two weeks ago.

As part of the plea agreement, Loughlin will be sentenced to two months in prison and Giannulli will be sentenced to five months in prison, subject to the court's approval, according to authorities.

This is a developing story.