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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
61.

Kev the Realist    

Its about time that this loud mouth disgusting pig and her mafioso, thug of a husband are finally going to be held accountable. It is always the loud mouths that feel they are better than everyone else, who get the shaft in the enf. Call it KARMA, Teresa you obnoxious, ugly ass, BEATCH.

419 days ago
62.

Kate    

I hope these two a-holes get the book thrown right at their leathery orange faces!!

419 days ago
63.

Wallybird    

trash! LOLZ at them

419 days ago
64.

Ruby Testarossa    

Oh please please please!!! Let them go to jail for a long time after they have spent a fortune on legal fees.

419 days ago
65.

lynkel    

Karma Teresa, all that stuff you did to Melissa....HA KARMA

419 days ago
66.

itsjustme    

Couldn't have happened to a nicer couple of slimeballs. Maybe now their kids will have a chance of growing into decent people. Karma's a bitch.

419 days ago
67.

david 183    

Some of them live in their means but the majority of them are living way beyond. Look at the one who got busted up by her husband and then he committed suicide. They had all types of money probems. If they spend the money on therapy and fix their low self esteem they won't have to worry about keeping up with the Jonses. Just a thought...

419 days ago
68.

david 183    

Some of them live in their means but the majority of them are living way beyond. Look at the one who got busted up by her husband and then he committed suicide. They had all types of money probems. If they spend the money on therapy and fix their low self esteem they won't have to worry about keeping up with the Jonses. Just a thought...

419 days ago
69.

Terri    

COULDN't HAPPEN TO A BETTER COUPLE OF LOSERS! ALL THEY DO IS DOWN EVERYONE IN THEIR FAMILIES, CAUSE HAVOC WITH FRIENDS AND ANYONE WITH ANY COMMON SENSE SHOULD HAVE JUST REALIZED THESE TWO WOULD END UP IN TROUBLE WITH THE FEDS! HOPEFULLY FEDS WILL NOT TREAT THEM LIKE CELEBS, ITS NOT THE SAME AS LA POLICE, THESE ARE FEDERAL CHARGES!!! THEY DESERVE TO BE IN JAIL, AND LET SOMEONE WHO IS BETTER TO RAISE THEIR KIDS!

419 days ago
70.

justpoor    

A gal in my state did this and she got 13 years in Federal prison in Texas, and has to pay back 7 million dollars. They already took her car, house, furnishings which were all sold, and then took everything in her bank accounts and retirement account.

419 days ago
71.

CLINT    

Celebrity justice is one thing. These fools decided to try and rip off a bank and the U.S. Givernment. They will pay through the nose on this one.

419 days ago
72.

Teach172    

She's a whore and deserves to be in prison, along with the rest of the B*^%HES! As does andy cohen for making them stars!

419 days ago
73.

Kathy    

She is the ugliest bitch I have ever seen. She will probably blow the judge to avoid jail time. Her just as ugly husband will certainly enjoy all the boys in jail. All her lying finally paid off. How can anyone be on her side? They must be as stupid as she is.

419 days ago
74.

joke    

They are white t.v. reality trash like lilo. 2 weeks community service at a n.y. spa

419 days ago
75.

bart    

Let them both rot in jail. If they are guilty in a court of law. I say throw away the key.

419 days ago
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