Teresa and Joe Giudice in huge legal trouble, could face prison time

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joe and teresa giudice in legal trouble“RHONJ” stars Teresa Giudice and her husband Joe Giudice are in big trouble with the law and they could face prison time and, at the very least, more than $1 million in fines.

On Monday, July 29, 2013, the reality stars were charged with an alleged conspiracy to defraud lenders and illegally obtaining mortgages by federal authorities.

In addition, the Giudices are being accused on hiding income and assets during their bankruptcy case.

The court handed down a 39-count indictment that includes charges of conspiracy to commit mail fraud, wire fraud, bank fraud, making false statements on loan applications and bankruptcy fraud.

Yikes. Looks like Teresa is going to have to seek out some help from Dr. V again, with the court charges adding more stress to the life of the “Real Housewives of New Jersey” star.

ET! Online states that authorities allege that during 2004 through 2008, Giuseppe “Joe” Giudice received income totaling almost $1 million. It is alleged that he did not file tax returns for those years.

Will the Giudice face prison time? That’s unknown at this time, but the conspiracy to commit mail and wire fraud count carries a maximum potential penalty of 20 years in prison and a $250,000 fine.

Not to mention the charges for bank fraud and loan application fraud  — those counts each carry a maximum potential penalty of 30 years in prison and a $1 million fine.

Better ask for a raise from Bravo, Teresa and Joe. You’re going to need it.

New Jersey’s U.S. Attorney, Paul Fishman, issued a statement about the Giudice legal woes:

“The indictment returned today alleges the Giudice lied to the bankruptcy court, to the IRS and to a number of banks. Everyone has an obligation to tell the truth when dealing with the courts, paying their taxes and applying for loans or mortgages. That’s reality. 

The IRS also chimed in on the case, with Shantelle P. Kitchen, Special Agent in Charge of the IRS’ criminal division in Newark stating, “The privilege of living well in the United States carries certain real responsibilities, including filing tax returns when required and paying the correct amount of tax.”

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