Joe and Teresa Giudice Each Released on $500,000 Bond; Pleas to Fraud Charges to be Entered at Arraignment Hearing on August 14
Joe and Teresa Giudice appeared in court to face charges of defrauding lenders, illegally obtaining mortgages and other loans as well as allegedly hiding assets and income during a bankruptcy case on July 30, 2013 (photo above). In their 2009 bankruptcy filing, the couple said they were $11 million in debt. They stated their monthly take-home pay was $16,583, but $10,000 was from “monthly assistance from family members” and Bravo income. It also said they owed $2.2 million in mortgages, $13,000 to Neiman Marcus and Nordstrom, and nearly $12,000 to a fertility clinic. The most serious charges the couple face, bank fraud and loan application fraud, carry a maximum potential penalty of 30 years in prison and a $1 million fine. [Source]
July 30, 2013
Appearing in a packed hearing in federal court this morning, Teresa and Giuseppe “Joe” Giudice, two stars of the hugely popular Bravo television show, “ Real Housewives of New Jersey,” heard the major charges read aloud from a 39-count indictment, that accuses them of conspiring to fraudulently obtain millions of dollars in mortgages and other loans and of hiding assets and income during their past bankruptcy proceedings.
The married couple — who create controversy on the TV show nearly each week, with their strong personalities and propensity to argue — stared straight ahead for much of the brief hearing in Newark.
They did not yet enter their pleas to the charges against them, as their arraignment hearing is set for Aug. 14.
Each was released on $500,000 unsecured appearance bonds.
At the court hearing, a federal prosecutor explained that Joe Giudice is not a citizen of the United States, but of Italy. If convicted, he would subject to immigration proceedings and would likely be deported.
Teresa Giudice, wearing a white pants suit, her dark hair pulled back in a ponytail sat through the 15-minute hearing with little expression on her face. She was flanked by her her high profile lawyer Henry Klingeman. In the seat to Klingeman’s right sat Joe Giudice, 43, wearing a crisp, dark suit with a tie and pink shirt. He stared straight ahead through most of the proceedings, his face appearing serious and at times stern.
Standing in the courtroom, the prosecutor listed the maximum prison sentence that each Giudice could face if convicted on certain counts. Some of the counts include a maximum 20-year sentence, others a 30-year sentence
U.S. Attorney Paul J. Fishman said a plea deal has not been discussed when he addressed the media after the hearing.
Fishman announced the 39-count federal indictment on Monday. If convicted, each reality TV star could face dozens of years in prison.
Joe Giudice is also accused of failing to file tax returns from 2004 to 2008, when he allegedly earned nearly $1 million.
“The indictment returned (by a grand jury) today alleges the Giudices lied to the bankruptcy court, to the IRS and to a number of banks,” Fishman said in a statement. “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.”
Click here for more photos at NJ.com.
The following is the link to the video at TMZ (Teresa and Joe Giudice make their way to an awaiting car after surrendering to federal authorities in their fraud case – each was free on a $500,000 bond):
Some of the questions asked by reporters:
Has Andy reached out to you? Are you worried the show will be used against you? Is there anything you want to say to your children? Are you worried about your children? Will this bring you guys closer together? Are the other cast members saying anything? Joe, are you afraid of being deported?
The following is the link to the 39-count federal indictment:
The following is a link to the Giudice’s 2009 bankruptcy filing:
“In court documents filed in September 2010, it was claimed that the Giudices hid $250,000 in assets when they filed for Chapter 7 in October 2009. Most of this amount allegedly stemed from the advance Teresa received for her cookbook, Skinny Italian; while the couple also failed to claim ownership of an online boutique called TG Fabulicious, in addition to Joe’s 1601 Maple Avenue Associates, LLC.” [Source]
Click here for more photos at NY Daily News.