Real Housewife Faces 50 Years in Prison

Teresa and Joe Giudice indicted on tax, fraud charges

By Evann Gastaldo,  Newser Staff

Posted Jul 30, 2013 9:02 AM CDT | Updated Jul 30, 2013 10:55 AM CDT

(Newser) – From reality TV table-flipper to the slammer? Teresa Giudice, one of the Real Housewives of New Jersey, was indicted along with husband Joe on tax evasion and fraud charges yesterday. The 39-count indictment included charges of conspiracy to commit mail and wire fraud, bank fraud, making false statements on loan applications, and bankruptcy fraud. Basically, the Giudices are accused of lying on loan and mortgage applications (to inflate their financial situation) and then lying to the bankruptcy court (to deflate their financial situation) years later, the New York Daily News explains. Oh, and also of not paying taxes for years.

Between conspiracy to commit mail and wire fraud (maximum prison sentence: 20 years), bank fraud (maximum prison sentence: 30 years), and the other charges, the Giudices are facing more than 50 years in jail and quite a few fines, Us reports. Teresa's attorney says she plans to plead not guilty. "Today is a most difficult day for our family," Teresa said in a statement, but added that she's not going anywhere: "I am committed to my family and intend to maintain our lives in the best way possible, which includes continuing my career." The couple was in court to set bail this morning, and both are now free on $500,000 bonds, Radar reports. They aren't allowed to leave the New Jersey/New York area, and they'll be arraigned August 14.

This Sept. 13, 2009 file photo originally released by Oral-B Pulsonic shows Real Housewives of New Jersey stars Teresa Giudice and her husband Joe Giudice in New York.
This Sept. 13, 2009 file photo originally released by Oral-B Pulsonic shows "Real Housewives of New Jersey" stars Teresa Giudice and her husband Joe Giudice in New York.   (AP Photo/Oral-B Pulsonic, Gary He)
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