Teresa Guidice and her husband Jeo Giudice set free on $1 million bond after court hearing on federal charges

Teresa

 

Judge Cathy Waldor ordered the ‘Real Housewives of New Jersey’ couple set free on $500,000 bond each, and they were ordered to surrender their passports and restrict their travels to New Jersey and New York, after being indicted on fraud charges.

The Giudices, who rose to celebrity status by showcasing their lavish lifestyle on the Bravo reality TV show, were indicted Monday on bank and bankruptcy fraud charges, among other counts.

Joe Giudice is also charged with failing to file tax returns from 2004 to 2008, when he is alleged to have earned nearly $1 million

The couple is accused of exaggerating their income while applying for loans before their show debuted in 2009,  then hiding their fortunes in a bankruptcy filing after their first season aired.

The couple did not enter pleas during a brief appearance in a courtroom packed with media and spectators. They will be arraigned Aug. 14. Their attorneys said both will plead not guilty.

“The investigation went on for a pretty long time and we are confident we have enough evidence to convict the defendants beyond a reasonable doubt,” U.S. Attorney Paul Fishman said after the proceeding.

The couple was charged in a 39-count indictment with conspiracy to commit mail and wire fraud, bank fraud, making false statements on loan applications and bankruptcy fraud. Both face hundreds of years in prison and millions of dollars in fines if convicted, but federal sentencing guidelines would greatly reduce the penalties, Fishman said.

Teresa Giudice’s attorney, Henry Klingeman, said he believes the government is prosecuting the couple because of their celebrity.

“They’re certainly being prosecuted because of their association with the show,” Klingeman told reporters outside court after the Giudices silently made their way through a pack of media to a waiting black SUV.

Authorities allege the couple submitted fraudulent mortgage and other loan applications from 2001 to 2008, a year before their show debuted. Prosecutors said the couple submitted fake W-2s, tax returns and bank account information to lenders.

Prosecutors allege the Giudices received about $4.6 million in mortgages, withdrawals from home equity lines of credit and construction loans.

The couple filed for bankruptcy in 2009, claiming they owed $11 million, including $2.2 million in mortgages, $13,000 to Neiman Marcus and Nordstrom, and nearly $12,000 to a fertility clinic.

Joe Giudice also is facing charges in Passaic County that he used his brother’s identity to obtain a driver’s license, presenting his marriage and birth certificates. He rejected a plea deal in April through his lawyer, Miles Feinstein.

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About Delia Innoma

Delia Innoma is a prolific writer, promoter, artist manager with full professional proficiency in English, German and Igbo languages. She studied accounting and computer programming at the Institute of Management and Technology Enugu and Germany respectively. Delia is also a devoted mother of two and she founded the Diamond Celebrities Magazine. Her sense of responsibility and commitment to the Christian faith are essential forces driving her daily activities.

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