facebook
twitter
rss
account
search
search
 

Teresa and Joe Giudice plead guilty to fraud charges

The pair were initially charged with 41 various criminal counts.
By Annie Martin   |   March 4, 2014 at 12:23 PM   |   Comments

NEWARK, N.J., March 4 (UPI) -- Teresa and Joe Giudice both pleaded guilty to fraud Tuesday morning.

TMZ reports that the couple pleaded guilty as part of a plea deal in which Teresa would face less than two years in prison, but Joe at least three. Exact details of the agreement are unknown.

Teresa pleaded guilty to four counts and Joe to five. The two were initially charged with over 41 criminal counts last year. The charges ranged from conspiracy to commit mail and wire fraud to bank fraud, bankruptcy fraud, and making false statements. The alleged offenses took place between 2001 and 2011.

Prosecutors claim that the couple used fake pay stubs, tax returns, and W-2 forms to inflate their incomes and obtain nearly $5 million in mortgages and other loans. They also allegedly hid money earned from their Real Housewives of New Jersey stint and from other business ventures, after filing for bankruptcy in 2009.

The pair will be sentenced at a later date, but will most likely be going to jail.


[TMZ]

© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Paula Patton makes first public appearance since Robin Thicke split
2
Meg Ryan buys Hank Azaria's loft in Soho for $8 million
3
Rose McGowan hopes short film 'Dawn' will win an Oscar
4
Drew Barrymore's half-sister Jessica died of accidental overdose
5
Adam Lambert, Lady Gaga perform homage to Queen
Trending News
Video
x
Feedback