Martha Stewart on Lori Loughlin and Felicity Huffman's Legal Drama: 'I Just Feel Sorry for Them' (Exclusive)

The lifestyle guru says she sympathizes with the celebs, who she said made 'a bad mistake.'

Martha Stewart is sharing her sympathy for Felicity Huffman and Lori Loughlin amid their legal drama following the college admissions scandal the broke last month.

The TV icon and business mogul spoke with ET's Brooke Anderson on Tuesday at the Time 100 Gala at Lincoln Center in New York, celebrating those named by Time magazine as the most influential public figures in America, where she opened up about the stars' high-profile legal battles.

"I just feel sorry for them," said the 77-year-old celeb, who's famously dealt with her own share of legal problems in the past. "They might have made a bad mistake."

Considering Stewart's own legal drama in the past -- including serving a five-month sentence in a federal corrections facility from 2004 to 2005 after being convicted of multiple felony charges -- the iconic lifestyle guru and businesswomen certainly knows what it's like to pay your debt to society after a bad mistake.

Huffman pleaded guilty to charges of mail fraud and honest services mail fraud on April 8. Soon after, Loughlin -- along with husband Mossimo Giannulli -- were indicted on a superseding charge of conspiring to commit fraud and money laundering, and later pleaded not guilty, as they plan on fighting the charges.

Earlier this month, Stewart shared similar sentiments when ET spoke with her at The Hollywood Reporter's 9th Annual Most Powerful People In Media gala event at The Pool in New York City, and said she felt the stars will "definitely" have an opportunity to bounce back and rebuild her career after the dust settles.

"It's just embarrassing for a family to go through what they're going through and horrifying that it even occurred," Stewart shared. "It's a sad thing."

Check out the video below for more of the latest news on the college admission scandal and the subsequent legal battle.