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Reality Star Sent To Prison For Bankruptcy Fraud

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Joe and Teresa Guidice were both sentences to at least 15 month in prison for bankruptcy fraud.

A cast member of the Real Housewives of New Jersey, Teresa Giudice, has begun serving her 15 month sentence for bankruptcy fraud. Mr. and Mrs. Giudice plead guilty to hiding assets from bankruptcy creditors and submitting fraudulent loan applications to retrieve $5 million in mortgages and construction loans. Mr. Giudice also pleaded guilty to failing to pay taxes of well over $200,000 and unlawful use of identification in a state court case which involved a forged driver’s license. All together Joe Giudice will serve 41 months in a federal prison.

During the October sentencing by Judge Esther Salas, she scolded the couple for not divulging all of their assets as required under their plea agreement calling it “the same pattern of obstruction, concealment and manipulation as they showed in the bankruptcy case.” Still, Judge Salas gave Teresa a lesser sentence than the one desired by the U.S. attorney’s office and allowed her to serve it at a different time than her husband so they could still take care of their four daughters. When Joe completes his 41 month sentence, he will have an immigration hearing since he is not an American Citizen which will likely cause him to be deported. Mr. Guidice’s attorney claims he was unaware that he was not a U.S. Citizen since he was brought to the U.S. as an infant.

If you have questions about Foreclosure, Loan Modification, Bankruptcy, Short Sale, or other alternatives, please feel free to call my office at 888-886-0020, send an e-mail to emil@fleysherlaw.com, or complete the contact form below.

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