Monday, July 29, 2013

Hollywood Life: Teresa & Joe Giudice: ‘Housewives’ Stars Facing Over 50 Years In Prison

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thumbnail Teresa & Joe Giudice: 'Housewives' Stars Facing Over 50 Years In Prison
Jul 29th 2013, 19:36, by Andrew Gruttadaro

Shocking news! The ‘Real Housewives of New Jersey’ couple was slapped with a long list of charges — from bank fraud to tax evasion — on July 29 and if convicted they could go to jail for over half a century!

The Real Housewives of New Jersey may have to start looking for a new star. Like for the next fifty seasons or so. On July 29 it was announced that Teresa Giudice and her husband Joe have been indicted on 39 charges related to money fraud. If the reality TV couple is found guilty, they could face over 50 years in prison!

Teresa & Joe Giudice: Facing Over 50 Years In Jail For Money Fraud

U.S. Attorney Paul J. Fishman announced the charges, claiming that Teresa and Joe massively defrauded the IRS as well as several banks between 2001 and 2008, according to TMZ.

The Giudices allegedly illegally obtained multiple mortgages and other loans from multiple banks by purposely overestimating their incomes, the U.S. Attorney stated.

But that’s not all — the couple also allegedly withheld vital information about their net worth from a U.S. bankruptcy trustee after filing for Chapter 7, including Teresa’s true income from starring on Real Housewives of New Jersey.

Additionally, Joe is accused of failing to file income tax returns for the years 2004-2008, during which he allegedly earned $1 million, TMZ reports.

All in all, the couple faces 39 charges, including conspiracy to commit mail and wire fraud, which carries a max sentence of 20 years, and bank fraud, which carries a sentence of 30 years! And those are just two of the charges, the 37 other lesser charges also carry the possibility of even more prison time.

Neither Teresa nor Joe have been arrested, according to TMZ, though they are both due in court on July 30. Bravo is not commenting on the matter.

What do you think about this shocking news, HollywoodLifers? Can you believe that Teresa and Joe could be going to jail for such a long time? Let us know!

WATCH: Teresa Breaks Down On ‘RHONJ’

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– Andrew Gruttadaro

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More Teresa & Joe Giudice News:

  1. RHONJ Recap: Teresa Giudice Mends Her Relationship With Joe Gorga
  2. 'RHONJ' Preview: Teresa Giudice Breaks Down In Therapy
  3. 'RHONJ' Recap: Teresa Giudice Begs For Caroline Manzo's Help
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