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Celebrity VIP Lounge

Celebrity Gossip Heard All Over The Web

Real Housewives of New Jersey’s Joe and Teresa Giudice Sentenced to Jail for Fraud

It’s official…both Joe and Teresa Giudice are headed to prison. The Real Housewives of New Jersey stars have both been sentenced to jail for bankruptcy, bank, and mortgage fraud charges!

The couple did plead guilty to the charges, and were apologetic for their actions. However, Judge Esther Salas laid down the law, giving them both jail time. The U.S. District Court Judge ruled that Joe would serve 41 months (a little over three years) in prison, have two years of supervised probation, and have to pay $414,588 in restitution while Teresa was given 15 months behind bars. Because she has the lesser time, Teresa will serve her sentence first, and is required to surrender to authorities on January 5, 2015. That way, either Joe or Teresa will be around to take care of their four children. However, it is possible that Joe will be deported back to his home country Italy.

According to Deadline, Joe and Teresa will appear on a special Watch What Happens Live: One-on-One with Teresa and Joe with Andy Cohen on Bravo on October 6 at 9 PM to discuss their sentencing.

I can’t say I feel bad for them that much. You do the crime, you have to do the time. However, I feel bad for their kids having to see their parents go through all this, knowing that they will both be going to prison. Hopefully, Joe and Teresa have both learned from this, and will come out stronger and smarter people.

Image via Deadline

Teresa & Joe facing 50 years in prison?

teresa giudice

 

We knew Teresa Giudice and husband Joe were in a mess of trouble, but suddenly “mess” doesn’t seem like an accurate description. Today the couple was hit with a 39 count indictment. Let’s let that sink in…. 39 counts.

That’s not a “mess of trouble”, that’s a sh*t storm.

According to TMZ, U.S. Attorney Paul J. Fishman announced the charges today, which range from tax evasion to bank fraud . The indictment claims that the couple committed multiple counts of bank and tax fraud from 2001-2008.

Specifically, that they overestimated their income in order to illegally obtain multiple mortgage loans from multiple banks, defrauding those banks of millions. It also alleges that the couple withheld information vital to their Chapter 7 filing in 2009, and that Joe had failed to file tax returns from 2004 to 2008.  Other charges include conspiracy to commit mail and wire fraud.

In total, the couple face over 50 years in prison, if convicted.