According to CNN, Loughlin faces charges of felony conspiracy to commit mail fraud and honest services mail fraud.
According to Forbes, if both Lori Loughlin and fellow accused celeb Felicity Huffman continue to cooperate with authorities and show contrition for what they allegedly did, they are likely to walk away with big fines and perhaps probation, but not jail time.
Earlier this week, Loughlin and her husband Mossimo Giannulli were accused of paying $500,000 in bribes to designate their two daughters as recruits to the USC crew team, even though the students didn’t row crew.