According to the U.S. Attorney, the Giudices conspired to illegally obtain mortgages and other loans from multiple banks by intentionally overestimating their incomes in order to get more money.
The Giudices also allegedly withheld vital information about their net worth from a U.S. bankruptcy trustee after filing for Chapter 7 in 2009 — including Teresa’s true income from the reality show.
As for tax evasion, Joe is accused of failing to file income tax returns for the years 2004-2008, during which he allegedly earned $1 million.
All told, the Giudices were hit with 39 charges — including conspiracy to commit mail and wire 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.
Neither Teresa nor Joe has been arrested, but they’re both due in court Tuesday morning in Jersey.
A rep for Bravo had no comment. ”
A Serious question, for how long do you stand by your man when he continues to put you and your children in harms way?