Miss California USA co-directors Shannon Moakler and Keith Lewis will hold a news conference Monday to announce Carrie Prejean's fate.

Officials are reportedly in talks with the beauty queen's camp about losing her coveted tiara over possible contract violations as a result of public appearances supporting opponents of same-sex marriage.

Not to mention those revealing sexy underwear photos taken when she was a teen that she failed to divulge.

Interestingly, Tami Farrell, the first runner-up in the Miss California contest, will reportedly be at Monday's news conference. Will she be ready to step in and grab that crown?

The following day, Tuesday, Donald Trump, co-owner of the Miss Universe Organization, will also hold a news conference in New York to discuss the beauty queen scandal.

He will reportedly decide whether Prejean will be stripped of her title as first runner-up in this year's Miss USA pageant.

Poor Carrie. All her years of swimsuit competitions could all come crumbling down.