Teresa Giudice and Husband Admit to Fraud

GiudiceThe Real Housewives of New Jersey stars Teresa and husband Joe Giudice might be facing jail time. The couple pleaded guilty to fraud, among other serious charges against them. Giudice pleaded guilty to four counts against her, while her husband admitted to five. The Giudices accepted the plea bargain Tuesday morning in a federal court in Newark, New Jersey.

Originally, the couple entered not guilty pleas. Giudice’s husband still faces state charges from New Jersey. U.S. Attorney Paul. J. Fishman, who stated the Giudices used fraud to cheat banks, bankruptcy court and the IRS. He also mentioned the couple will now have to face whatever repercussions come from the schemes they are charged with.

Giudice pleaded guilty to four out of the 41 charges against her. The most serious charge involves conspiracy to commit mail and fraud. The sentence with the count could have included a maximum of a 20-year sentence in jail and a $250,000 fine. The other three charges involve bankruptcy fraud by concealment of assets, bankruptcy fraud by false oaths and bankruptcy fraud by false declarations. Each count would have carried a maximum of a five-year sentence, in addition to another $250,000 fine. She now faces the possibility of spending a maximum of two years in jail. Giudice has to pay $200,000 before the month of July is over in order to enter her plea.

Allegedly, they submitted fraudulent mortgage and other loan applications and supporting documents to lenders. The couple faced 50 years in prison and millions of dollars in fines without the plea bargain. The cases against the Giudices go as far back as September 2001. Giudice’s husband pleaded guilty to the same four counts, along with one additional charge of failure to file a tax return. He faces up to 37 to 46 months in jail and possible deportation because he is not a U.S. citizen.

Giudice issued out a statement about her decision to plead guilty to fraud. She expressed her remorse for the bad decisions she made several years ago. She also mentioned the respect she had for the legal system. She intends to “address the Court directly,” and “describe the choices she made.” Giudice continued on by saying how her admittance to fraud left her heartbroken for her family. She does not plan to comment on her case outside of court any further.

The Real Housewives of Atlanta co-star NeNe Leakes gave her opinion on the Giudices situation. “I don’t want to see her have to go to jail, she is a mom, she has kids, I have kids, and her kids need her,” she said. “So, I just wish her all the best.”

The final verdict based on Giudice’s guilty plea to fraud will be determined by judge Esther Salas and is scheduled for July 8. The Real Housewives of New Jersey is filming its sixth season. Giudice still plans to be a part of the television series. “I just spoke with Teresa and Joe and, the thing is, they’re actually in as good of spirits as they can be in,” said legal expert Wendy Feldman. “They’re a very strong couple.”

By April Littleton

Sources:

Forbes

E!

 

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