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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
76.

NameNotImportat    

They are Italian criminals and therefore cool to whites. So the whatever crime they committed with be glossed over. Then a movie or tv show will me made about their story. White criminals and child molesters are cool to whites. I feel sorry for little Becky when daddy comes to tuck her in at night.

416 days ago
77.

Nekru    

Boy that is one unflattering photo. Of course it's hard to get "flattering" photo of that gorilla Teresa. Joe must be into female gorillas..

416 days ago
78.

Nicole    

Time to play nice with Melissa considering she might be taking care of your kids while you are doing time.

416 days ago
79.

shewentwhoa    

tired of these two

416 days ago
80.

JMP    

Lol i wanna see her in jail. No make up, no fake tan, no hair extensions. She'll just look they the manly bitch she is.

416 days ago
81.

my 2 cents    

Drive that NYC TMC tour bus over to Jersey tomorrow for a live on the spot report.

416 days ago
82.

Michael    

I hope these azzclowns go to jail, but they will weasel their way out sadly.

416 days ago
83.

anya2u    

LOL Karma strikes again

416 days ago
84.

Glenda     

Wonder how many of those charges will actually stay and which ones will be dismissed? It happens all the time they'll dismiss the lesser ones and stick to the bigger ones and then make a deal. I predict Teresa will not serve time, and Joe will be placed on home incarceration due to the jail over crowding and he'll wear an ankle bracelet and will be convicted of a felony. They'll have to pay thousands of $$ of fines and restitutions before this will go away. Bravo would be smart to drop them and make them go away before they tarnish the franchise further.

416 days ago
85.

Someonezmom    

so Theresa can now star in Real Housewives of Orange Jumpsuit County

416 days ago
86.

annie    

they've always nauseated me. none of this surprises me. ick... ick... ick!!!

416 days ago
87.

tonyadiebol    

Karama is a bitch!! Ha ha..never liked her or her cheating husband..time to play nice to family. Gonna need them to take care of the kids..

416 days ago
88.

anna    

Im not a fan of this show or these people BUT Id just like to know since they have been charged with "defrauding the IRS as well as several banks" and face 50 yrs each then how come "the banks " werent charged when they defrauded Citizens of the US by the thousands when the housing market collapsed and everyone lost their home? Also, why did they get bailed out but the people didnt???? Just saying..

416 days ago
89.

Claude     

Kardashian news please

416 days ago
90.

don    

I assure you if they have committed bankruptcy fraud they will find themselves in US District Court and in a heap of trouble.

416 days ago
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