Reality Roundup: Teresa and Joe Giudice, Not So Fabulicious

Joe and Teresa Giudice arrive at the Martin Luther King, Jr. Courthouse in Newark, New Jersey, on Tuesday, July 30, 2013. (Source: AP Photo/Julio Cortez)

By: Brent Osborne

@HousewifeGuy

It is no secret that the stars of Bravo‘s Real Housewives franchise have their fair share of financial woes. This time around, The Real Housewives of New Jersey stars Teresa and Joe Giudice have caught themselves in financial peril, again.

Teresa and Joe were indicted last week on 39-counts of federal fraud and tax charges that, according to legal experts, may cause them both to serve time in federal prison.

The 39-count indictment details charges of conspiracy to commit mail and wire fraud, bank fraud, making false statements on loan applications and bankruptcy fraud, against the couple from Towaco, N.J.

The indictment also accuses Joe Giudice of failing to file tax returns for 2004 through 2008.

The 33-page indictment document states that Joe and Teresa falsely represented on loan applications to lenders that they were employed and/or receiving substantial salaries when in fact, they were not employed or not receiving such salaries.

For example, one lender, CBBC, issued the Giudices a loan for 1.72 million dollars after the couple allegedly submitted fraudulent tax and W-2 forms and falsely stated that they had a private bank account with $500,000.

In addition, the couple allegedly concealed assets from the government during their October 2009 petition for bankruptcy protection. The couple allegedly concealed businesses they owned and income they received from a rental property. In addition, Teresa and Joe allegedly failed to disclose Teresa’s true earnings from The Real Housewives of New Jersey and her earnings from paid appearances and magazine deals.

“The indictment returned to today alleges the Giudices lied to the bankruptcy court, to the IRS and to a number of banks,” U.S. Attorney Paul J. Fishman said in a statement. “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.”

Soon after the news broke, Teresa released a statement through her lawyer pledging her loyalty to her husband, Joe, and her commitment to her family.

“Today is a most difficult day for our family,” she said. “I support Joe and, as a wonderful husband and father, I know he wants only the best for our lovely daughters and me. I am committed to my family and intend to maintain our lives in the best way possible, which includes continuing my career. As a result, I am hopeful that we will resolve this matter with the Government as quickly as possible.”

During the couple’s first hearing this past Tuesday, the two were each released on $500,000 bond, co-signed by Joe Giudices’s parents. The duo has yet to enter a plea; however, according to Teresa’s attorney, Henry Klingeman, she will plead not guilty.

“Teresa will plead ‘not guilty,’” he said. “The judicial process that begins today with an indictment is a search for the truth. As it moves forward, we look forward to vindicating her.”

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According to RadarOnline, the United States’ Attorney’s Office may be considering calling some of Teresa and Joe’s RHONJ co-stars to testify AGAINST the couple in court. Producers and executives for Bravo could also be subpoenaed.

“The U.S. Attorney will be extensively going over all potential witnesses which would include her (Teresa’s) co-stars on the show,” a source close to the prosecution case told Radar.

“The women could be called to testify at the trial because they could have firsthand knowledge of Teresa’s financial dealings, before and after the show premiered. Prosecutors could also subpoena footage from the New Jersey housewife franchise, along with producers who might also have information.”

If convicted, Teresa and Joe could each face decades behind bars. Joe even faces being deported to Italy if he is found guilty of just one of the 39 counts in the indictment, prosecutors said — as it emerged yesterday that he is not a US citizen.

Added to that, Juicy Joe is currently awaiting trial for allegedly impersonating his brother to illegally obtain a driver’s license after his own was suspended for a DWI. He can face up to 10 years in prison for those charges.

Despite the animosity, Teresa has every intention on continuing her role on The Real Housewives of New Jersey.

“Teresa has no plans to stop filming,” a show insider exclusively told In Touch. And with season six on the horizon, Teresa plans on filming the season five reunion episode in September. “She would never miss it,” the insider shared.

However, due to the ongoing legal issue, the indictments will not be discussed.

It will have to stick to show drama,” the source says. “She’s putting on a face because she doesn’t want anyone, especially Melissa, to see her sweat.”

While Bravo has not released an official statement regarding the indictment, a source told The News that the network is no longer interested in a spin-off involving Teresa

“Bravo only spins off happy situations — marriages, baby news. Not prison.”

Teresa and Joe have starred on The Real Housewives of New Jersey since the show began in 2009. (Source: JLN Photography/WENN)

Bravo’s Andy Cohen addressed the charges on twitter saying “I’m not avoiding it I don’t have any information!”

Since news broke about Teresa’s indictment, the reality star has been garnering support from some unlikely sources.

Lea Black, star of The Real Housewives of Miami, reached out to Teresa on Twitter.

“Sending strength @Teresa_Giudice asking everyone to support you and your family and not pile on – love to your girls and sending blessings”

MobWives star “Big Ang”, who is no stranger to troubles with the law, announced that she believes Teresa and Joe are innocent.

“I think they’re innocent. I feel like she’s innocent and so is he,” Ang told TMZ.

“I wish them all the luck, them and their family. I’m sure they’ll be OK; you have to keep your chin up,” she advised.

One reality star who is not offering any sympathy is former Housewife and queen of cocktails Bethenny Frankel.

“I haven’t paid that much attention,” Frankel told US Weekly. “Do I feel sorry for them? No, I don’t. Not so much because it broke the law. You broke the law and you went on television. That’s not really that smart.”

Undeterred by the unfortunate circumstances, Teresa, who is not allowed to leave the New York/New Jersey area, made an appearance Wednesday night too accept a Beauty Buster Award for her Milania Hair Care line. She was also able to spend some downtime with longtime friend and former RHONJ cast member Dina Manzo in the Hamptons this past weekend.

Teresa snapped some photos of her getaway for her Twitter followers , writing alongside one picture, “Hamptons visit with my girls @dinamanzo and@pamcolacino #greatfriends”

Teresa and Joe were also able to spend some time with their family this weekend, posting pictures via Instagram on Saturday. The mother of four shared photos of their daughters, Gia, 13, Gabriella, 10, Milania, 7, and Audriana, 3, enjoying time with their parents and cousins at a family member’s backyard birthday party.

The couple’s next court hearing is scheduled for Wednesday, Aug. 14, the same day Teresa is scheduled to have another Fabulicious on the Grill book signing in Wayne, N.J. The book signing has yet to be postponed.

Tell us— Do you think Teresa and Joe are innocent? Leave a comment below and voice your opinion! Your email will never be sold or shared.

**Disclaimer: This article was written as an informative piece, without any intention of giving an opinion. Teresa and Joe Giudice are innocent of the crimes mentioned above until proven guilty in a court of law.**

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About HousewifeGuy

Brent Osborne has always been loud, a little brash and unapologetically truthful. Prior to joining TBB, Brent founded and authored the successful Real Housewives blog, ThatHousewifeGuy.com and the Starpulse.com column of the same name. Brent’s industry experience is extensive and includes interviewing former Real Housewives of New York City star, Jill Zarin. Inspired by his former teachers, Brent is currently pursuing a career in Childhood Education with hopes of becoming a High School Guidance Counselor. With coffee running through his veins, Brent works numerous jobs and attends school full-time. Brent’s mantra is “Love what you do and work with others who do the same.” He’s grateful to his supportive family and friends for cheering on all of his endeavors!

22 thoughts on “Reality Roundup: Teresa and Joe Giudice, Not So Fabulicious

  1. i find it hard to believe the gov, pulled 39 counts out of their ass, to charge theresa and joe, and of course the filming of the hwonj were filmed before the charges, come on peeps, joe now playing the great husband and father, and all around nice guy, and tre playing lil miss wonderful, shame on bravo for promoting them, they should have been fired imed, also until proven guilty or innocent, all their assets should have been frozen,,,i understand why people love and idolize peeps in show biz, but this is not show biz, its cheating the gov and tax payers on so many levels,,, why this is acceptable to fans, boggles my mind, the wine, the hair products, the tv show, should all be frozen till if and when they are cleared

  2. The housewives don’t have alot to do with the troubles they are in now. I can’t remember when the show started but they did all there illegal stuff before the show started. Should have never gone on TV. I can only imagine what there parents are thinking and saying to both of them. You had to be famous. I just hope that nothing ever comes out about little Joe her brother. I hope he’s clean and doesn’t have any dirt on his hands.

  3. I smell a set-up and as I’ve said on another blog I will not pass judgement. As of now I am not commenting on that site as their are so many vicious people there. I say if you do not know the people personally,how can you castrate them?

    • Exactly! Even the Tre haters for get it..if they keep going on about people they don’t know..the show will be GONE and they won’t have anyone to hate anymore…and some of these sites who love to get invited to parties and such, don’t get that it will be done. I like the show..so I am not gonna blast people that I don’t know. It is up to the Government to decide not me.

  4. I agree with Bethenny! If you break the law, allegedly, and then you flaunt your wealth on television you are setting yourself up for the Feds to scoop up and fry. People have to be accountable for their actions, especially if they are law breaking.

  5. Penny,
    Their assets could be frozen and the Feds are just not making that information public. On page 32 of the Indictment there is a provision to seize assets, if convicted.

    Brent, good job on the article.

  6. The Federal Government does not play games. Just because you’re a fan of Teresa and Joe doesn’t now give you the right to say nothing should be said about them.
    These people declared bankruptcy on TV, when they found out they’d be accused of fraud because of their lies they withdrew their petition – same season Joe presents Teresa with a huge yellow diamond! They believe they are above the law, the law doesn’t apply to them. They are the wealthy they give being wealthy a bad name!
    It’s the lying and cheating that’s going to put them in jail NOT a “witch hunt”
    Don’t do the crime if you don’t want to do the time. Why didn’t they consider their 4 girls could grow up without a parent if they did this?
    I don’t want to hear no one should say anything about this – they chose to put their lives out there for all to see – this is the reality if reality television!!
    So while you’re paying your taxes and struggling to get by, Teresa and Joe were scheming and wheeling and dealing illegally. Why should they be exempt from prosecution ??

    • People can surely comment all they want since it’s out there. My reality is that what they have supposedly done since 2001 has not affected my taxes in any way. My taxes are handled by accountants. If they are found guilty, they will pay, that’s life. At this point, I am left to wonder if there is all this hoopla over a 39 count indictment to the tune of 1 million dollars, exactly how many counts will be involved when bilking people out of 55 million dollars! YIKES!!!

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