Former Reality TV Star Teresa Giudice Begins Serving Time for Bankruptcy Fraud

Teresa Giudice of “The Real Housewives of New Jersey” was previously convicted of bankruptcy fraud and since that time she has been free but not anymore. Today she surrendered to the authorities to begin her 15 month sentence in a low-security prison in Connecticut. Her husband will serve his sentence once Teresa is released so that there will be someone there to raise their four children. Sad news for the children though, once Giuseppe Giudice, an Italian citizen, finishes his sentence he will be deported back to Italy. It is not clear from the article or other sources if Teresa plans to move the family to Italy when his sentence is finished.

The bankruptcy fraud conviction stems from their 2009 bankruptcy filing. Both Teresa and her husband admitted, as part of a plea deal, that they both made fraudulent statements to obtain loans by inflating their income. Additionally, both Giudices admit to attempting to conceal assets and sources of income from creditors, including Teresa’s income from appearing on the “Housewives” show.

Here is a link to the Bangor Daily News article that is the source of this post: http://bangordailynews.com/2015/01/05/news/nation/real-housewives-of-new-jersey-star-begins-prison-sentence/?ref=polbeat

One thought on “Former Reality TV Star Teresa Giudice Begins Serving Time for Bankruptcy Fraud

  1. Pingback: This Week at the Wall Street Journal’s Broke and Beautiful Edition: Teresa Giudice Reports to Prison | The Law Office of James Wade

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