On Monday, July 29, the United States Attorney’s Office issued a press release that stated that Real Housewives of New Jersey Teresa and Joe Giudice were indicted by the U.S. Attorney’s Office for conspiring to defraud lenders to illegally obtain mortgages and loans and hide assets.
The indictment also charges that Giuseppe “Joe” Giudice failed to file his tax returns from 2004 through 2008 where he earned nearly $1 million.
U.S. Attorney Paul J. Fishman said in the press release, “The indictment returned today alleges the Giudice’s lied to the bankruptcy court, to the IRS and to a number of banks. 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.”
Special Agent in Charge of the IRS-Criminal Investigation Shantelle P. Kitchen said in the release, “Today’s indictment alleges the Giudice’s did not live up to their responsibilities by failing to file tax returns, falsifying loan applications and concealing assets in their bankruptcy petition. The reality is that this type of criminal conduct will not go undetected and individuals who engage in this type of financial fraud should know they will be held accountable.”
The Giudice’s activity that lead to the indictment is documented in the press release. It claims that from September 2001 through September 2008, the Giudice’s allegedly committed mail and wire fraud conspiracy when they submitted fraudulent mortgage and other loan applications to lenders and lied about their employment status and massive salaries.
In September 2001, Teresa allegedly applied for a mortgage loan of $121,500 and falsely claimed on the documents that she was an executive assistant, submitted fake W-2 forms and paystubs by this phantom employer.
If Teresa and Joe Giudice are convicted they are looking at up to 50 years in prison for each charge, up to 20 years in prison and a $250,000 fine for mail and wire fraud, up to 30 years and a $1 million fine for bank and loan application fraud, and up to five years in prison and $250,000 fine for bankruptcy fraud.
Joe Giudice is facing up to a year in prison and a $100,000 fine for not filing his tax returns for four years. Joe Giudice is already facing 11 years in prison if convicted in his criminal case of fraudulently obtaining a phony driver’s license.
Attorneys for the Giudice’s were not available for comment.
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