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Teresa Giudice, Joe Giudice Freed On $1 Million Bond After 'Real Housewives' Indictment for Fraud

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First Posted: Jul 30, 2013 03:31 PM EDT
Teresa
Teresa and her husband Joe were both freed after posting a $500,000 bond each. (Photo : flickr.com/Jennifer Marie Puglia)

It must be another one of those "Jersey Things." Stars of the Bravo's smash hit Real Housewives of New Jersey, Joe and Teresa Giudice, were freed today on $1 million bond after being indicted on charges of financial fraud.

In total, the couple is facing 39 different charges that could land them in jail for up to 50 years. The charges range from conspiracy to commit mail and wire fraud, bank fraud, making false statements on loan applications and bankruptcy fraud. Despite their uncertain future, the couple is, so far, sticking by each other.

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"Today is a most difficult day for our family," Teresa Giudice wrote in a statement on Twitter. "I support Joe and, as a wonderful husband and father, I know he wants only the best for our lovely daughters and me."

Prosecutors claim that the the Giudices committed a veritable laundry list of financial crimes during the time before "Real Housewives" first aired, and continued to lie after they became famous as well. Among the more serious allegations is the claim that Giuseppe "Joe" Giudice failed to pay his taxes for five years, starting in 2004.

"The indictment returned today alleges the Giudices lied to the bankruptcy court, to the IRS and to a number of banks," U.S. Attorney Paul Fishman said. "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."

It is believed that Joe Giudice made nearly a $1 million during the time span that he did not pay taxes. Furthermore, the prosecutors in the case say that starting in 2001, Teresa and Joe engaged in fraudulent mortgage and other loan applications, going so far as to submit completely false information in order to obtain money.

Despite having made a significant amount of money, as well as having a spot on one of the hottest shows on television, the couple filed for bankruptcy protection in 2009. It is believed that they had also made fraudulent claims during those proceedings, obscuring various businesses and other sources of income.

"I am committed to my family and intend to maintain our lives in the best way possible, which includes continuing my career," Teresa Giudice wrote. "As a result, I am hopeful that we will resolve this matter with the Government as quickly as possible. Thank you all for your kind wishes, prayers and support." 

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