According to a release from the U.S. Attorney in New Jersey, the Giudices have been charged with "a conspiracy to defraud lenders and illegally obtain mortgages and other loans as well as allegedly hiding assets and income during a bankruptcy case." Translated out of legalese that means Bravo Andy will get his ratings bonus come reunion time.
The counts of bank fraud and loan application fraud alone "each carry a maximum potential penalty of 30 years in prison and a $1 million fine."
The indictment alleges that the Giudices "intentionally concealed" a variety of revenue streams, including Teresa's "true income" from the Real Housewives of New Jersey, as well as the bump she got for the second season of the show.
N. From in or about June 2008 through the filing of the Bankruptcy Petition, defendant TERESA GIUDICE received income of approximately $110,677 from various sources, including her work as an actress on the television show "The Real Housewives of New Jersey" (the "Television Show"), sales from the tgfabulicious.com website, and payments from personal and magazine appearances.
O. On or about June 5, 2009 and August 27, 2009, defendants GIUSEPPE GIUDICE and TERESA GIUDICE signed agreements in Connection with then-upcoming Season Two of the Television Show whereby they would receive approximately $110,000 in compensation.
Take a long hard look. That's the going rate to sell your soul in America.
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