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'Real Housewives' Stars

Facing 50+ Years in Prison

For Money Fraud

7/29/2013 1:00 PM PDT BY TMZ STAFF
breaking news

0729_joe_tara_giudice_01
"Real Housewives of New Jersey" stars Teresa Giudice and her husband Joe have just been slapped with a laundry list of criminal charges -- ranging from bank fraud to tax evasion -- and now, they both face more than 50 years in prison if convicted.

U.S. Attorney Paul J. Fishman just announced the 39-count indictment, claiming Teresa and her hubby massively defrauded the IRS as well as several banks between 2001-2008.

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.

293 COMMENTS

No Avatar
16.

Sargio    

Haha, jail will suit the

387 days ago
17.

Jamey Hunter    

Couldn't happen to a nicer couple.

387 days ago
18.

Spunky Funk    

Their poor kids.

387 days ago
19.

ACE DEUCEY    

Don't look now, Teresa but Uncle Sam just flipped the table on you.

387 days ago
20.

JMP    

HAHAHAHAHA

387 days ago
21.

melissa    

What is sad is some convicted murders don't get that much time.

387 days ago
22.

my 2 cents    

Feel bad for their kids...

387 days ago
23.

RamHead    

I'll just wait and see what happens.

387 days ago
24.

AMY D    

Ahhhaaaahahaha, hope they go to prison. Dumb, lying, LOSERS!!!!

387 days ago
25.

Cj    

They need to charge the banksters, the IRS a-holes and government officials LOOOOONNNNG before they worry about a NJ Housewife!

387 days ago
26.

Mikey    

Joe is a midget. How many empty beer cases is he standing on to make him look tall? Always faking it...

387 days ago
27.

Cj    

If taxes are voluntary (according to our government officials and the head of the IRS) why are people being charged for voluntarily NOT paying them?

387 days ago
28.

C-MAN    

50+ years in prison? One slap on the wrist for each.

387 days ago
29.

Mikey    

And she doesn't even cook so her cookbook is a fraud too!

387 days ago
30.

static    

My Jackhole of the day: Andy Cohen for having Teresa on his show last night and not asking one question about her legal problems and you know damn well he knew.

387 days ago
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