Real Housewives of New Jersey’s Teresa and Joe Giudice have been plagued with financial problems for years and were indicted on fraud and tax charges on Monday, July 29. In Joe’s 39 count indictment, U.S. Attorney Paul J. Fishman charged the Bravo reality stars with conspiracy to commit mail and wire fraud, bank fraud, making false statements on loan applications, and bankruptcy fraud.
Conspiracy to commit mail and wire fraud carries a maximum prison sentence of 20 years, while bank fraud carries a maximum of 30 years. The remaining charges could result in more prision time plus hefty fines for each penalty.
The indictment also charges Joe with failure to file tax returns from 2004 through 2008, during the time he allegedly earned nearly $1 million
“The indictment returned today alleges the Giudices 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.”
Teresa, 41, and Joe, 43, are parents to four daughters Gia, Gabriella, Milania, and Audriana.
Teresa’s attorney, Henry Klingeman, say’s she will plead “not guilty” and he looks forward to vindicating her.
“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,” Teresa told US Weekly in a statement. “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.”
The Giudices are scheduled to appear before judge Cathy Waldor at the United States District Court in Newark, New Jersey, Tuesday, July 30.
Joe, a former pizza parlor owner, also faces 10 years for allegedly using his brother’s ID to obtain a driver’s license back in 2010, he will appear in court on October 28. He maintains his innocence.