Is Teresa Giudice heading to prison? The Real Housewives star and her husband, Joe, arrived today at a federal courthouse in New Jersey to address accusations of exaggerating their net worth and income while applying for loans before they became reality stars. Teresa and Joe may not be on Real Housewives anytime soon, though, because the 39 counts of fraud against them, including submitting fraudulent mortgage and loan applications from 2001-2008, could result in 50 years behind bars.
Teresa took to Twitter last night and addressed her possible prison sentence and the accusations of exaggerating her net worth and income. "Today is a most difficult day for our family," tweeted the Real Housewives star. "I am committed to my family and intend to maintain our lives in the best way possible, which includes continuing my career. I am hopeful that we will resolve this matter with the Government as quickly as possible."
Joe is also being charged with not filing tax returns from 2004-2008, when he allegedly made more than $1 million. Meanwhile, Teresa allegedly submitted fake W-2 forms and paystubs when applying for a $121,000 mortgage loans in 2001. The accusations of fraud even extend to when Teresa and Joe became famous as part of the Real Housewives franchise; they allegedly hid how well they were doing financially in a bankruptcy filing submitted after the first season aired.
"The indictment returned today alleges the Giudices lied to the bankruptcy court, to the IRS and to a number of banks," said U.S. 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 reality."
Teresa has been a cast member on The Real Housewives of New Jersey since 2009 and also competed on the 2012 edition of Celebrity Apprentice. She has also co-authored three Italian cookbooks, all of which have made the New York Times Bestseller List. She also her own her line of hair products and a line of Bellini cocktails.
Teresa and Joe also have four daughters together, ranging from ages 4-12.