Real Housewives of New Jersey Stars Teresa and Joe Giudice Charged With Fraud
by Adam Eatros
Coming as absolutely no surprise, Teresa and Joe Giudice, stars of The Real Housewives of New Jersey, were indicted today on federal fraud charges by a grand jury.
The two have been charged in a 39-count indictment with conspiracy to commit mail and wire fraud, bank fraud, making false statements on loan applications and bankruptcy fraud.
The reality TV stars are being accused of submitting fraudulent loan applications from 2001 through 2008. This happend a year before Bravo aired their reality TV show.
Joe Giudice also failed to file tax returns for the years 2004 through 2008. The government said Joe made $1 million during those years.
"The indictment returned today alleges the Giudices lied to the bankruptcy court, to the IRS and to a number of banks," U.S. Attorney Paul Fishman said. "Everyone has an obligation to tell the truth when dealing with the courts, paying their taxes and applying for loans or mortgages. That's reality."
"The privilege of living well in the United States carries certain real responsibilities." Shantelle P. Kitchen, Special Agent in Charge, IRS-Criminal Investigation, Newark Field Office, said. "Today's indictment alleges the Giudices did not live up to their responsibilities by failing to file tax returns, falsifying loan applications and concealing assets in their bankruptcy petition."
Teresa's attorney said she will plead not guilty and that "we look forward to vindicating her."
The star also issued her own statement saying "today is a most difficult day for our family." She added that she supports her husband and is committed to continuing her career.
Other claims made against the couple include:
-Teresa making false claims about having a job as an Executive Assistant
-Submitting false paystubs and W2's on loan applications
-Concealing businesses, rental property income, and Teresa's true income generated from being on The Real Housewives of New Jersey when filing for bankruptcy protection
Conspiracy to commit mail and wire fraud carries a maximum prison sentence of 20 years, while bank fraud carries a maximum of 30 years - not to mention the huge fines associated with each penalty.
Both are scheduled to appear in court on Tuesday.
Photo Source: Bravo