Tuesday, July 30, 2013

Teresa and Joe Giudice Indicted on Fraud Charges


Real Housewives of New Jersey stars Teresa and Joe Giudice indicted on fraud charges and facing more than 50 years in prison.

Get ready for “The Real Housewives of the Federal Pen.”
Bravo reality star Teresa Giudice, 41, and her thuggish hubby Joe, 43, were indicted on multiple tax, mail and wire fraud charges yesterday — and now face up to 55 years in the slammer.
Newark federal prosecutors yesterday said that, from 2001 to 2008, the limelight-loving, lavish-living duo (pictured) bilked four banks out of nearly $5 million in mortgages using fake tax forms and other bogus paperwork.
Table-flipping Teresa — the loudmouth lead of Bravo’s “Real Housewives of New Jersey” — personally concealed the income she made from the show, as well as what she raked in for Web site sales and personal and magazine appearances, prosecutors said.
During the alleged seven-year swindle, the Giudices lied to a bankruptcy court, hid assets, falsified loan applications, and — in Joe’s case — failed to file tax returns for an alleged $1 million in income, according to the 39-count indictment.
“The Giudices lied to the bankruptcy court, to the IRS and to a number of banks,” said US Attorney Paul Fishman. “Everyone has an obligation to tell the truth when dealing with the courts, paying their taxes and applying for loans or mortgages.”
“That’s the reality.”
The couple, who have four daughters, are due to appear in Newark federal court today.
A Bravo rep said the network had “no comment.”
According to the feds, the long-running alleged scheme began in 2001, when an unemployed Teresa got a $121,500 mortgage after falsely claiming she had a job as a $45,000-a-year executive assistant, and “submitted fake W-2 forms and fake pay stubs” from a non-existent employer.
According to the complaint:
A similar scenario played out for several more years, with Teresa beefing up her bogus positions each time — even though she was “in fact, unemployed.”
In 2004, she claimed to be the owner of a stucco firm, making $177,000 a year, and falsified documents to land a $20,000 loan.
In 2005, she got a $141,550 mortgage using similar claims.
By November 2005, Teresa and Joe filed “false and fraudulent tax returns” and got themselves an $800,000 construction loan.
The couple went back to the till again in 2006, 2007 and 2008, for loans and mortgages totaling nearly $3.8 million, according to prosecutors.
In all, the Giudices allegedly defrauded banks of $4,641,612.
The couple filed for bankruptcy in October 2009, a year after Bravo announced the first season of Teresa’s reality gig.
The Giudices “intentionally concealed” businesses they owned, income from a rental property and Teresa’s true payout from “Real Houswives,” prosecutors said.
They also hid their anticipated income increase from the show’s second season, documents allege.
Jacked from NY Post

10 comments:

Anonymous said...

Dayum, they asses is going 2 jail!!! If you know your shit ain't legit. Why go on TV flaunting your ish?

Anonymous said...

For the love of Money. I know bravo andy sees dollar signs everywhere.

Anonymous said...

Clink clink...dummies

Anonymous said...

Amazing how they were able to get the loans in the first place with pieces of paper only, and no questions asked. I know people where they verified their employment with the actual employers, actually verified their annual income and asked was their income paid to them monthly, weekly, bi-weekly etc., and wanted proof of 8 years of tax returns.

Then when these banks, IRS, etc are made fools of then they charge the people with 100 count felonies, send the people to prison for years, take all their money, and make them pay millions more in penalties. Only in America!!

Anonymous said...

The IRS loves to make examples of celebrities and the rich and famous when they actually send them to prison. If I were Teresa I'd be trying to work out a deal. She's got young children.

Anonymous said...

Anon 4:32 PM - I was thinking the same thing. They are going to be made an example of, I guarantee it. Plus they flaunted it so that makes it extra bad. They might not have been called out on the loan crap if they had paid their taxes, not filed bankruptcy and hid assets after filing bankruptcy. Dumb and greedy equals you go to jail. I feel sorry for the girls. Now her brother and sister in law (whom she terrorized will probably take the girls into their home) It doesn't pay to be a crazy beeyoch, does it?

Anonymous said...

Yea...but that bitch 41 doe?????????

Anonymous said...

Yea they let white folks do sht like that tho

Anonymous said...

everything will be fine

Anonymous said...

When you are as corrupt as these two are you have to live your life under the radar. The one thing the government hates when you flash that corrupt shit in their faces. They will make you pay for that. I hope these two asswipes go to prison.

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