‘NJ Housewives’ Star Teresa Giudice Faces 50 Years in Prison

July 29, 2013 By:
‘NJ Housewives’ Star Teresa Giudice Faces 50 Years in Prison

Olympic restaurant table-flipper Teresa Giudice of “The Real Housewives of New Jersey” is in some extreme legal trouble.

Her and her husband, Giuseppe “Joe” Giudice, have been indicted on fraud and tax charges, according to the U.S. Attorney in New Jersey.

The charges they’re facing include “a conspiracy to defraud lenders and illegally obtain mortgages and other loans as well as allegedly hiding assets and income during a bankruptcy case.”

Basically, Teresa and Joe exaggerated how much income they had when applying for loans before their show debuted in 2009. Then they intentionally lied about how well-off they were when they filed for bankruptcy a year later.

The time they’re facing on a single count of bank and loan application “each carry a maximum potential penalty of 30 years in prison and a $1 million fine.” Collectively, that’s more than 50 years each considering the entire indictment totals to 39 counts including mail and wire fraud, bank fraud, etc.

"Today is a most difficult day for our family. I support Joe and, as a wonderful husband and father, I know he wants only the best for our lovely daughters and me," Teresa tells Us Weekly in a statement. "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."