The Real Housewives Of New Jersey Couple Joe Giudice and Teresa Giudice Sentenced Today
Today is the day Joe and Teresa Giudice will be sentenced for bank fraud, failing to file in come taxes and more; read the indictment here. The couple arrived at the courthouse at 9 a.m. and will appear before U.S. District Court Judge Esther Salas at 10 a.m.U.S. District Court Judge Esther Salas at 10 a.m.
Reality TV Scandals has not blogged much about the case of Teresa Giudice Fraud case because Teresa was indicted in 2013 and when we opened up, the Apollo Nida Scandal was going on. So we thought we would take the time to give you a time line along with some court documents to outline the case courtesy of NJ.com
1972 Teresa Giudice is born in Paterson; Giuseppe “Joe” Giudice is born in Italy, and moves to the United States with his parents when he is 1.1999 Joe and Teresa get married; the first of their four daughters, Gia, is born in 2001, followed by Gabriella, Milania and Audriana.December 2001 The couple buys a home in Montville for $530,000 and embarks on a massive renovation over the next few years. Around the same time, the couple also begins buying up properties in Paterson, mostly under Teresa’s name, renovating them, and then reselling them at a profit.June 2004 Claiming Teresa has been the self-employed owner of G&G Stucco (which Joe actually runs) for the last seven years — and that she makes a very healthy $14,750 a month — the couple applies for a loan, eventually receiving $20,200. The government says Teresa was actually unemployed for most of the decade. This is the first several loans they applied for giving false information and/or fake W-2s and falsified tax returns.September 2004 A demotion? Three months after claiming she runs a construction company, another loan application reveals Teresa now works as an executive assistant for Modern Era Investment Corp., pulling in $3,750 a month. The couple receives a $121,500 loan.
March 2005 But wait! Another loan application allegedly reveals that Teresa has been the owner of G&G Stucco for six years – but has apparently taken a pay cut, earning $12,100 a month. The couple receives a $141,500 loan.
April 2005 Joe Giudice fails to file an income tax return for 2004, when he made $243,919. He doesn’t file tax returns for the next four years on nearly $1 million in income, according to the indictment, although in the plea deal, he only admits guilt for failing to pay taxes in 2004.
July 2005 Now stating that Teresa is working as a Realtor with Cresthill Realty – owned by Joe’s soon-to-be-ex business partner Joseph Mastropole – the couple submits fake W-2s in order to get a new loan. The W-2s claim Teresa is paid $15,000 a month. The loan they receive is for $361,250.
July 2005 Teresa buys a modest 3-bedroom home in Lincoln Park for $170,000. Unlike her current onyx-bedazzled mansion, this home, now on the market, has the selling point of … not being in a flood zone. The couple reportedly lives in the home while undertaking the expansion of their Montville home. After moving to Montville, they leased the Lincoln Park from April 1, 2009, to January 2012, collecting $42,968 in rent. They do not disclose this income in their initial bankruptcy filing.
November 2005 Using what the government claims are fake W-2s and fake tax returns, the couple seeks a construction loan, eventually receiving $800,000.
December 2006 Joe applies for the first of two home equity lines of credit, both using fake tax returns and fake W-2s. He withdraws $251,360 from the first credit, and $170,252 from the second home equity line of credit.
2007 Reality show producers casting “Real Housewives of New Jersey” discover Teresa through pal Dina Manzo.
February 2008 With fame on the way, the couple applies for and receives a construction loan for $1.7 million. At this point, the couple has lied about their income and submitted falsified documents to receive more than $3.5 million in loans and lines of credit.
April 2008 Bravo announces the New Jersey “Real Housewives” franchise, showcasing “the McMansions and lavish lifestyles of these women and all the drama that money can buy.”
June 2008 Teresa begins to receive a stream of money from various sources, the government alleges, including $110,677 over the next year from the reality series, personal and magazine appearances and sales from her tgfabulicious.com website, which she registers in May 2009.
July 2008 The couple applies for and eventually receives another loan, this time for $1.72 million. They claim in the application that they have a private bank account with $500,000 – which the government says is not true.
August 2008 Joe creates an LLC called 1601 Maple Avenue, which collects rent from a gas station located at the Hillside address. The rent is not disclosed in their later bankruptcy filing.
October 2008 The couple buys a vacation home in Manahawkin for $270,300. They renovate it twice, once courtesy of Hurricane Sandy.
June 2009 The first season of “Real Housewives of New Jersey” ends with a screeching Teresa attempting to tip a table over nemesis Danielle Staub, cementing her place in the annals of reality show history.
October 2009 Despite the couple’s newfound fame — and money beginning to flow in from it — they file for bankruptcy protection, saying they have $8.7 million in liabilities, including loans and unpaid bills to various banks, credit card companies, and lawyers, plus nearly $20,000 to Bloomingdale’s, Neiman Marcus and Nordstrom, and $12,000 to a fertility clinic. Joe claims he makes $3,250 a month as owner of G&G Stucco, and Teresa makes $3,333 a month from “Real Housewives.”
December 2009 Teresa’s “Skinny Italian” cookbook deal is announced. It is the first of four cookbooks. She later launches her low-cal line of alcoholic drinks, Fabellini, a line of “Skinny Italian” imported food and desserts, and a hair care line named after her second-youngest daughter Milania.January 2010 Joe is arrested for DUI after crashing his car. Two months later, he is found guilty and fined $864 and has his driver’s license revoked for 12 months. He later tells Andy Cohen on “Watch What Happens”: “The times that I should have been charged, I wasn’t. The one time I really wasn’t drunk, I got charged.”
June 2010 The bankruptcy trustee representing the couple’s debtors claims the Giudices have hidden assets and income, including three vehicles, a boat, rent on the Hillside property, a $280,000 advance for Teresa’s cookbook, and a monthly salary of $7,083 for “Real Housewives.”
July 2010 The episode airs in which a screeching Teresa chases co-star Danielle around the North Jersey Country Club after Danielle says on camera that she heard Teresa’s home is in foreclosure.
September 2010 Joe Giudice serves 10 days in at the Morris County jail for driving on a suspended license.
January 2011 A federal judge rules against Joe in a case filed by his former business partner Joseph Mastropole, who alleged Joe forged his name on mortgage discharge papers and said Joe’s $260,000 debt to him should be excepted from the couple’s bankruptcy filing to due to fraud.
March 2011 Joe is arrested for allegedly using his brother’s identification to obtain a driver’s license while his own was suspended due to the DUI. The more serious charge carries a punishment of up to 10 years in prison.The case is still pending.
August 2011 Joe files a consent order in which he is denied bankruptcy discharge after he pleads the Fifth Amendment when asked about whether he hid assets and income in the bankruptcy filing. The U.S. Attorney’s Office in Newark refuses to comment on whether they are investigating the couple for bankruptcy fraud. Teresa also abandons her quest for bankruptcy discharge a few months later.
April 2012 During taping of the fourth season of “Real Housewives of New Jersey,” Teresa becomes estranged from the rest of the cast, including her brother Joe Gorga and his wife Melissa, as her legal woes deepen.
July 2013 The Giudices are indicted on 39 counts (soon to be increased to 41) of bank, bankruptcy, wire and mail fraud.Prosecutors say they lied to a number of banks to obtain millions of dollars in mortgages, hid assets and income in bankruptcy court, and failed to pay their taxes. The charges carry dozens of years in prison. The indictment also reveals that Joe is not a U.S. citizen, and could be deported if found guilty.
September 2013 In their first post-indictment interview, the Giudices tell Andy Cohen on “Watch What Happens” that they don’t full understand the charges lodged against them, although they deny they’re guilty and vow to fight. Joe adds that they’re being targeted because they are celebrities.
March 2014 Amid taping of the sixth season of “Real Housewives of New Jersey,” the Giudices plead guilty to a handful of counts of mail and wire fraud, bankruptcy fraud and failure to pay taxes. He faces a recommended sentence of 37 to 46 months; she could get 27 months, although her lawyer is pushing for probation because Joe took the bulk of the responsibility for the fraud.
April 2014 The bankruptcy trustee overseeing the Giudice’s finances submits his final report, which says the couple only satisfied $7,500 of their debts and still owe $13.4 million to their creditors, who can once again pursue the couple for repayment.
September 2014 Bankruptcy Case Dismissed/Denied (See Court Docs Here)
Giudice Court Documents Bankruptcy -Indictment – Sentencing Documents – Keep Scrolling.. Giudice Court Documents Bankruptcy -Indictment – Sentencing Documents – Keep Scrolling..