Lori Loughlin, husband plead not guilty in college admissions scam

Lori Loughlin

Actress Lori Loughlin and her husband Mossimo Giannulli have pleaded not guilty to two conspiracy charges in the college admissions scandal, according to federal court filings entered Monday. The judge must approve their request for a waiver to appear.

The decision to plead not guilty is Loughlin and Giannulli's first response to the college admissions scandal case, CNN reports.

Loughlin, who played aunt Becky on the sitcom Full House, and Giannulli haven't publicly addressed the allegations against them.

"She probably should have taken the deal, but at the time, she didn't really realize how serious the charges were", the source tells PEOPLE.

Loughlin and Giannulli face up to 40 years in prison each, but federal sentencing guidelines are closer to a five year sentence.

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The couple and more than a dozen other parents were indicted last week on charges of mail fraud and money laundering conspiracy. Loughlin and Giannulli reportedly were slapped with an additional charge of money laundering after rejecting a plea deal.

Huffman was among 13 parents who have agreed to plead guilty to lesser charges.

Huffman - famous for her Academy Award-nominated role in "Transamerica" and the television show "Desperate Housewives" - allegedly gave $15,000 to Singer "to participate in the college entrance exam cheating scheme on behalf of their oldest daughter", court documents allege. The two actresses, along with coaches, admissions counselors and parents were accused of such alleged crimes as falsifying SAT scores and lying about the athletic skills of their children. Macy was not charged in the scam.

"I am ashamed of the pain I have caused my daughter, my family, my friends, my colleagues and the educational community", Huffman said.

They are among 33 parents who prosecutors say paid bribes to help get their children into prominent universities in a scheme orchestrated by admission consultant William "Rick" Singer. "This transgression toward her and the public I will carry for the rest of my life". Their daughters have not returned to school since news broke.

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