Television reality star Teresa Giudice and her husband Joe Giudice pleaded guilty to conspiracy to commit mail and wire fraud and three types of bankruptcy fraud. Joe also pleaded guilty to failing to file a tax return for 2004.
According to The Associated Press, the embattled couple made their appearance in the U.S. District Court in Newark, NJ on Tuesday, March 4. Teresa, 41, may face 21 to 27 months in federal prison while Joe, 43, may serve a 37 to 46 months sentence. Upon completing his sentence, Joe may also face deportation being that he an Italian citizen. Sentencing is scheduled for July 8.
After their court appearance, Teresa Giudice’s attorney released this statement from her: “Today, I took responsibility for a series of mistakes I made several years ago,” she said. “I am heartbroken that this is affecting my family, especially my four young daughters who mean more to me than anything in the world.
“I have said throughout that I respect the legal process and thus, I intend to address the court directly at sentencing,” the statement continued. “I will describe the choices I made, continue to take responsibility for my decision and express my remorse to Judge Salas and the public.”
U.S. Attorney Paul Fishman said the Guidices used deception and fraud to cheat banks, bankruptcy court and the IRS.
The couple admitted that from 2001 through 2008, they submitted fraudulent applications for mortgages and other loans, falsely claiming to have substantial salaries.
In September 2001, Teresa applied for a $121,500 mortgage loan. She falsely claimed working as an executive assistant and submitted fake W-2 forms as well as fake pay stubs.
For a $361,250 mortgage loan back in 2005, she falsely claimed to be working as a real estate agent earning $15,000 a month when in fact, she was unemployed at the time.
According to prosecutors, in 2009 the couple filed for bankruptcy protection, concealed businesses they owned, along with income from rental property and Teresa Giudice’s income from the ‘Housewives’ show.