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‘RHONJ’ couple pleads guilty to bank fraud: Teresa Giudice face prison time

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Teresa Giudice and her husband Giuseppe “Joe” Giudice of “Real Housewives of New Jersey” pleaded guilty to bank fraud Tuesday. The “RHONJ” reality stars admitted to federal fraud charges in front of Federal judge Esther Salas in Newark, N.J. court, according to Daily News reports on March 4.

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The fallen Bravo TV couple faces prison time for their admission to mail and wire fraud along with three types of bankruptcy fraud – they submitted fraudulent mortgage and loan applications and over exaggerated their income for those loans – that include Joe Giudice with failing to file tax returns for 2004 and 2008.

According to the Daily News, the Giudice’s lawyer, Henry Klingeman, read the following statement on Teresa's behalf,

"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."

Judge Salas set their sentencing date for July 8.

The “Housewives of New Jersey” stars, 41- year-old Teresa Giudice, may face up to 27 months in federal prison and 43-year-old Joe Giudice may face up to 46 months along with possible deportation back to Italy; he is not a U.S. citizen.

The Towaco, N.J.-based residents has four daughters, Gia, 13, Gabriella, 9, Miliani, 8, and Audriana, 4.

What are your thoughts about their recent plea deal?

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