Teresa and Joe Giudice Free on $500K Bond, May Face 30 Years in Jail For Fraud

Truth rating: 10

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Teresa and Joe Giudice of “Real Housewives of New Jersey” appeared in court on federal fraud and tax charges on Tuesday.

They did not enter pleas and were released on $500,000 bond, forced to surrender their passports and limit their travel to New Jersey and New York.

On Monday, the couple was hammered with a 39-count federal indictment charging them with conspiracy to commit mail and wire fraud, bank fraud, bankruptcy fraud, and making false statements on loan applications.

They’re accused of manipulating records to exaggerate or hide their wealth at various points in time, including the submission of phony tax returns.

Joe Giudice is also charged with failing to file tax returns between 2004 and 2008.

An Italian citizen, he faces deportation if he’s convicted.

If they’re found guilty of the most serious charges, the Giudices could face up to 30 years in prison.

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