Real Housewife of New Jersey star Teresa Giudice faces up to 27 months in prison . Her husband Joe Giudice (an Italian Citizen) could get 46 months in prison and possible deportation back to Italy.
The couple pleaded guilty today to several counts including bankruptcy fraud, conspiracy to commit mail fraud and wire fraud, and failing to pay taxes.
Federal authorities had said the pair illegally scored mortgages and other loans, by using fake documents to overstate their income.
For example, in 2001, their fraudulent $121,500 loan application included a W-2 and phony paycheck stubs.
Then in 2005, they secured a $361,250 mortgage by claiming Teresa was making $15,000 a month as a real estate agent, even though she was really unemployed, officials said.
The pair declared Chapter 7 bankruptcy in 2009 and in ensuing documents, hid various assets and income — including “Teresa Giudice’s true income from the television show `The Real Housewives of New Jersey,’ ” according to federal prosecutors.
Giuseppe “Joe” Giudice also failed to file tax returns between 2004 and 2008 despite making $996,459 in those years, prosecutors said.
“Teresa and Giuseppe Giudice used deception and fraud to cheat banks, bankruptcy court and the IRS,” said US Attorney Paul Fishman.
“With their guilty pleas, they admitted the schemes with which they were charged. Having now confessed their wrongdoing, the Giudices face the real cost of their criminal conduct.”
They will learn their fate on July 8 when US District Court Judge Esther Salas will hand down their punishment.
Real Housewives of New Jersey (RHONJ) is currently in production .