November 19, 2013
Teresa Giudice And Husband Joe Could Face 30 Years In Jail

Teresa Guidice, and her husband Joe, are facing new fraud charges which, if proven, could see the TV couple behind bars for many years. The Real Housewives of New Jersey star - and Joe - face 41 counts of fraud, according to a New Jersey federal grand jury.

The charges relate to documents which were allegedly faked in order to secure loans of over $5 million over a period of eight years, before they joined the Real Housewives show in 2009.

Teresa Guidice and Joe pleaded not guilty back in August when the original 39 fraud counts were brought against them. Among the charges were: conspiracy to commit mail and wire fraud, making false statements on loan applications, and bankruptcy fraud.

They are due in court to face the additional two charges on Wednesday. The new charges relate specifically to a $361,250 mortgage loan which Teresa Guidice secured in 2005.

Attorney Paul Fishman said about that loan: "In the course of obtaining the loan, she and Giuseppe Giudice prepared a loan application which falsely stated that Teresa Giudice was employed as a realtor and that she had a monthly salary of $15,000. Teresa Giudice was not employed outside the home at the time."

The couple's lawyer, Miles Feinstein, said in the summer that Teresa and Joe would not be testifying against each other. After she was charged Terese Giudice released the following written statement:

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. 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 indictment claims that the Giudice's faked their employment history in order to ensure they would secure the loans they were applying for. They also failed to file tax returns for the years 2004-2008 during which time they earned $1 million.

It remains to be seen what the outcome of the fraud case against Teresa Guidice and her husband Joe will be. If convicted the couple could face up to 30 years in jail and a $1 million fine.