Teresa Giudice and husband Joe Giudice stars of the reality TV show, ‘Real Housewives of New Jersey,’ were officially charged this afternoon with a 39-count indictment of “allegedly conspiring to defraud lenders and illegally obtain mortgages, federal authorities said this afternoon,” reported by North Jersey.com. In addition Teresa Giudice and Joe Giudice are accused of hiding assets and income during their bankruptcy case.
According to NorthJersey.com New Jersey’s U.S. Attorney, Paul Fishman, stated this afternoon, “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.” They also stated, “Among the charges of the 39-count indictment are conspiracy to commit mail and wire fraud, bank fraud, lying on loan applications and bankruptcy fraud. Joe Giudice is also being charged with failure to file tax returns for 2004 through.
“On loan applications, Teresa and Joe allegedly made up fake jobs and salaries to get larger loans. They also allegedly used fake documents in a conspiracy to get mortgages and loans they did not deserve.”
As part of the ‘scam’ they are accused of perpetrating, Federal authorities state that they misrepresented income, employment, and assets on loan applications and submitted falsified supporting documents stating they were employed and/or earning “substantial salaries” when in fact, they were earning far less money.
On Oct. 29, 2009, the Giudices filed a petition for individual Chapter 7 bankruptcy protection in U.S. Bankruptcy Court in Newark, authorities said. Over the next few months, they filed several amendments to the bankruptcy petition. As part of the bankruptcy filings, the Giudices were required to disclose to the United States Trustee, among other things, assets, liabilities, income, and any anticipated increase in income.
Authorities said that the indictment alleges that the Giudices intentionally concealed businesses they owned, income they received from a rental property, and Teresa Giudices true income from the television show “The Real Housewives of New Jersey,” website sales, and personal and magazine appearances. What is more, the Giudices allegedly concealed their anticipated increase in income from the then-upcoming Season Two of the Bravo television show.
The Giudices are charged with multiple counts of bankruptcy fraud for concealing and making false oaths and declarations about the assets and income during their bankruptcy case, authorities said.
Joe is currently facing trial in yet another fraud case, after assuming his brother’s identity to obtain a driver’s license after his was suspended.
Do you think Teresa Giudice or Joe Giudice will do any jail-time for these charges? Leave a comment below and let us know!