‘Real Housewives of New Jersey’s’ Joe & Teresa Guidice Faces $5M Fraud Charge; Out On $500K Bail & Stripped of Passports

This is a case of “when reality shows, goes horribly wrong.”

Real Housewives of New Jersey reality stars Joe and Teresa Guidice is in hot water again. Over several seasons, their stardom went from positive to straight negative due to family issues, backstabbing, lies, and deceit. Now, a lot of the deceit that went on behind the scenes with the couple’s finances are being exposed.

This week in a Newark, New Jersey courtroom, the two were charged with misappropriation of documents which resulted in tax, mail, and wire fraud. The Guidice’s are accused of filing false tax paperwork and forging signatures. The federal charges total an estimated $5,000,000 and could land the two in prison for 55 years.

If you recall, the couple caught some flack about two years ago for their ongoing money problems. Joe Guidice was charged with forging the signature of a former business partner on a $300,000 bank loan. This left the couple scrambling for money and at one point, auctioning off some of their household furnishings to raise a little extra cash.  Many suspect that Guidice’s charge may have urged the federal government to begin an investigation on the business activities of the couple.

Joe Guidice’s parents are the ones who co-signed a $500,000 bond, which set them free from these current charges. Joe, a non-U.S. citizen, faces deportation if found guilty of either one of the 39 counts he’s being indicted for.

Source: NY Post