Real Housewives Of New Jersey star Teresa Giudice and husband Joe have been indicted by the Department of Justice for major money fraud and tax evasion, and both face up to at least 50 years behind bars if convicted.
According to an announcement by U.S. Attorney Paul J. Fishman on Monday, the reality stars are charged ‘in a conspiracy to defraud lenders and illegally obtain mortgages and other loans as well as allegedly hiding assets and income during a bankruptcy case.’
In the 39-count indictment returned by a federal grand jury, the couple is accused of ‘conspiracy to commit mail and wire fraud, bank fraud, making false statements on loan applications and bankruptcy fraud.’
Not only that, Joe Giudice is accused of not filing tax returns between 2004 and 2008, a period during which he allegedly earned $1 million.
Fishman concludes that ‘the indictment returned today alleges the Giudices lied to the bankruptcy court, to the IRS and to a number of banks. 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.’
The couple have not been arrested, but they are expected to show up in court on Tuesday.
[Image via Getty]