BREAKING NEWS

Teresa & Joe Giudice Charged With Fraud

  • Pin It


Teresa Giudice, 41, and her husband, Joe Giudice, 43, stars of “The Real Housewives of New Jersey,” have been charged in a conspiracy to defraud lenders and illegally obtain mortgages during a bankruptcy case.

The 39-count indictment, which a federal grand jury returned today, details charges of conspiracy to commit mail and wire fraud, bank fraud, making false statements on loan applications and bankruptcy fraud, which carries a max prison sentence of 20 years, and bank fraud, which carries a max of 30 years. The remaining charges carry the possibility of even more prison time. In addition, authorities say, Teresa Giudice and her husband, Giuseppe “Joe” Giudice, are accused of hiding assets and income during a bankruptcy case.

The indictment, obtained by ABC News, also accuses Joe Giudice of failure to file tax returns for 2004 through 2008, a period when he allegedly earned nearly $1 million. The couple first filed for bankruptcy in 2009, claiming more than $10 million in debts.

Teresa Giudice told “The View” shortly after the bankruptcy filing that the Guidices were forced into bankruptcy because tenants at her husband’s four apartment buildings in East Orange, N.J., were having trouble paying rent during the economic downturn.

In a 39-count indictment returned today by a federal grand jury in Newafk, Fishman announced, the Giudices were charged with conspiracy to commit mail and wire fraud, bank fraud, making false statements on loan applications, and bankruptcy fraud.

The indictment also charges Giuseppe Giudice, 43, with failure to file tax returns for tax years 2004 through 2008, a period during which he allegedly earned nearly $1 million.

“The indictment returned today alleges the Guidices lied to the bankruptcy court, to the IRS and to a number of banks,” Fishman said in a statement. “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.”

She added that he was caught up in a lawsuit regarding properties.

“It’s all in the buildings,” she said of the debt.

The couple is expected to make an initial court appearance Tuesday at 10 a.m. ET in Newark, N.J., federal court. Teresa released this statement:

“Today is a most difficult day for our family. I support Joe and, as a wonderful husband and father, I know he wants only the best for our lovely daughters and me. I am committed to my family and intend to maintain our lives in the best way possible, which includes continuing my career. As a result, I am hopeful that we will resolve this matter with the Government as quickly as possible. Thank you all for your kind wishes, prayers and support.”

Teresa’s attorney Henry Klingeman has confirmed that the Real Housewives of New Jersey star will plead not guilty.

“Teresa will plead ‘not guilty. The judicial process that begins today with an indictment is a search for the truth. As it moves forward, we look forward to vindicating her.”

Well this is a fine mess. What were they thinking? Do you believe Joe & Teresa committed fraud? What are your thoughts? Post your comments below.

Do You Believe Joe & Teresa Giudice Committed Fraud?

View Results

Loading ... Loading ...

Source: ABC News

Amazon
Real Housewives Of New Jersey

iTunes
Real Housewives Of New Jersey




0Shares
avatar
About the Author

Related Posts

0Shares
More in Real Housewives Of New Jersey (312 of 495 articles)