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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
91.

janet    

So where is the big surprise? Mafia gweets.

416 days ago
92.

barrac odrama    

They are real bumbs

416 days ago
93.

Diamond    

Teresa just couldn't let it go... quietly go away. She kept putting it in the face of everyone. For those who think celeb will keep them out of jail for trying to defraud the Feds? WESLEY SNIPES

416 days ago
94.

fastdriver    

Lock 'em up and throw away the key! Who watches the Real Housewives of ........... whatever anyway? Would you want ANY of these IDIOTS for a friend! They're all losers and phonies and now we find out CROOKS too! This is ONE reason our government has NO money! None of these "stars", rappers, sports figures etc. pay their taxes! HOW does one go from 2004 until NOW without paying their taxes? UNLESS, of course, the IRS is so screwed up that they have NO clue who owes what!

416 days ago
95.

Big Mark 91    

they are trash, both of them, I hope they get long sentences too!

416 days ago
96.

mr.howell     

Teresa looks like a 'mean drag QUEEN!'..ugly man-lady!..eeekk!..double yuck!.

416 days ago
97.

Me    

@namenotimportat how can you make this article about race?!? What about all the sports people that defrauded IRS and got a slap on this wrist?? I'm white and I could give two ****s about these people. They should've been arrested. I'm a hard working tax payer and I pay my taxes on the chump change I make. It's bull**** how anyone making this much money can get away with this.

416 days ago
98.

Ms. Bee    

If there is any jail time to do, it will be Joe. Teresa will say she didn't know. Joe will take it for her.

416 days ago
99.

Kash511    

MAAAAAAAN!!

416 days ago
100.

Pookie    


Watching Teresa on Watch What Happens Live was like watching Andy Cohen ask questions to a bagel.

416 days ago
101.

Lynn317    

FINALLY -
The first season of RHONJ ... Teresa flaunted spending thousands of dollars in CASH constantly - every time she went shopping for clothes or furniture.
THAT IS A HUGE TIP OFF... that someone is hiding income - HUGE. And with Joe in the building business and shady behavior ... it would have been very easy for him to receive CASH payments that never were recorded - or deposited in a bank. That would requre using cash to pay for their expenses also.
.
It was always infuriately that such a huge tip off of fraudulant tax invasion done on national TV & yet would go unpunished - All of the Giudices shady, dishonest behavior - is FINALLY being punished.

416 days ago
102.

Patti    

OMG!! It's about time. Jail is exactly where they belong. They've lied, cheated and stole long enough and now the law has finally caught up to them. I certainly hope they get the jail time. Looks the prosecutor means business with them. YEA!!!!

416 days ago
103.

Claude     

Now who's the prostitution whore

416 days ago
104.

Pablo Escabar    

Overestimated their income to get more money? Don't banks verify income before giving you money?!

416 days ago
105.

carol    

They so deserve this. She will try and spin it so she appears to be immune from prosecution. That's 50 years each - they way it should be

416 days ago
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