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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
46.

Mikey    

And Joe calls his wife Teresa the "C" word. Miserable fvcks....

452 days ago
47.

The Man They Call Louis    

HAHAHA!!!....yes!, good!. I hope the jerk-no-business-being-on-tv bums get jail time.

452 days ago
48.

meme    

Good! These two are bottom-feeding, lying sacks of poop. They deserve to go to prison.

452 days ago
49.

Observer999    

Oh what a BS (if technically correct) headline. If convicted on all counts (unlikely), they're looking at 2-4 years based on past cases of a similar scope. Plus a huge fine. Except in the most horrendous cases, sentences are served concurrently, not consecutively.

452 days ago
50.

terri    

This doesn't surprise me one bit. Was just a matter of time before all their dirty dealings came to light.

452 days ago
51.

Mikey    

Her own bother says she doesn't even know how to cook the recipes in her own cookbook! Frauds!

452 days ago
52.

Mikey    

You are Gar Bage!

452 days ago
53.

Jordan    

Teresa will get a New show, Real Housewives of the Federal Penn.

452 days ago
54.

GERSEYGAL    

Tree's next cookbook
HOW TO COOK FABUIOUS MEALS IN JAIL!!!!!

452 days ago
55.

samael    

Didn't Al Capone go to jail for tax evasion? TMZ
do Teresa or Joe Giudice need to show up tomorrow, or do they just send their lawyers?

452 days ago
56.

SgtRock     

They have to rename the show. The real convicts of New Jersey! I would actually watch the show then just to see those 2 losers behind bars. Would like to see Joe become Bubbas prison bitch!

452 days ago
57.

Ray8    

Only saw the show once but remembered him peeling off $100 bills to pay some movers. This explains why he did not write a check. IRS is going to have a hard time finding where he hides it.

452 days ago
58.

JennaKennedy    

They will not get 30 yrs for white collar crimes...the prosecution always posts the maximum guidelines but they will be the first to negotiate a plea deals for them both with minimum, if any, jail time...they will also be required to pay restitution plus interest and penalties to their victims i.e. the IRS and mortgage companies. If they don't have the money to repay, the debt will kind of just sit out there until it's past the statue of limitations....this story is way exaggerated.

452 days ago
59.

GothamGirl    

The IRS LOVES famous people, because they make an example of them. Remember when two "madams" were busted at the same time. One East coast one West coast, Sydney Biddle Barrows and Heidi Fleiss? Same crime! Heidi did three years in jail, and Sydney did none. Why? Heidi didn't pay her taxes, and Sydney did. Watch out Guidices, the IRS does not fool around!

452 days ago
60.

D-INCARNATION    

fuggedaboutit , she'll look good in a jumpsuit....

452 days ago
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