Reality TV stars sentenced for fraud

Reality TV stars sentenced for fraud

Reality TV stars sentenced for fraud A U.S. District Judge has sentenced Teresa Giudice, star of "The Real Housewives of New Jersey," and her husband, Giuseppe Giudice, to 15 and 41 months in prison for mortgage fraud, respectively.
 
Giuseppe, better known as Joe, was also ordered to pay $414,588 in restitution and was fined $10,000, according to Reuters. The Towaco, N.J., couple entered plea deals in March, admitting to bankruptcy fraud and conspiracy to commit mail and wire fraud. Joe also pleaded guilty to failure to file tax returns on income totaling nearly $1 million.
 
The couple, infamous for living a lavis lifestyle beyond their means, also admitted that between 2001 and 2008 they submitted fraudulent applications for mortgages and other loans, falsely claiming to have substantial salaries.
 
In 2001, Teresa applied for a $121,500 mortgage by falsely claiming she worked as an executive assistant and submitting fake W-2 forms and pay stubs, according to Reuters
9 Comments
  • Michelle 2014-10-03 3:40:53 PM
    I want to read about Canadian mortgage news, not what is going on in the US. I can watch TV for drama..
    I want REAL informative ,educational topics.
    dissapointed again
    Post a reply
  • Bill MacDonald 2014-10-03 4:49:30 PM
    I agree with Michelle. This article has no relevance to the Canadian mortgage scene.
    Post a reply
  • Gloria 2014-10-03 5:30:24 PM
    This is valuable because it is an eye opener. So many times, we see people that look like they are wealthy and we envy them but in "reality", they are living on credit and are hundreds of thousands of dollars in debt. I would rather have a humble, debt free life.
    Post a reply