Ralph and Karen Guastaferro pled guilty to money laundering charges this week in a New York court. The couple was on the ABC reality TV show Wife Swap. Ralph, 62 and Karen Guastaferro, 55 were charged with laundering $1.2 million from a Canadian telemarketing scheme business. Ralph may face up to 5 years in prison, and Karen could face up to 16 months. See video below of story.
This story has created an internet buzz because the couple appeared on the ABC reality TV show Wife Swap. They were portrayed as a couple who pampered their daughter, Alicia and gave her a present every day. One of which include a brand new Chevy Tahoe even before she was old enough to drive. Karen was swapped with another wife from a religious home in Indiana. The lavish lifestyle of the Guastaferro’s and the fact that Alicia Guastaferro was a pre-school beauty queen, drew national attention when the Wife Swap episode aired.
In addition to money laundering charges, the Guastaferro’s owned a glass tinting shop, and paid workers $370,396 off the books, not reporting the $56,670 they owed in taxes.
Sources: MSN and Inside Edition
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