Paul Fishman’s Official Statement on Teresa & Joe Giudice Fraud Sentence

Posted on Oct 3 2014 - 1:56pm by Editor

Teresa Giudice

The USDOJ has released the following official statement on the Teresa & Joe Giudice sentencing. “Real Housewives of New Jersey” stars Teresa and Joe Giudice faced a harsh reality Thursday at a federal court in Newark, New Jersey. The fallen reality stars were sentenced to prison for conspiracy, bankruptcy fraud and tax offenses.

Forty-one Months for Giuseppe Giudice, 15 Months for Teresa Giudice

NEWARK, N.J. – Two of the stars of the television show “The Real Housewives of New Jersey” were sentenced today to prison terms for committing a string of crimes as part of a long-running financial fraud conspiracy, U.S. Attorney Paul J. Fishman announced.

Teresa Giudice, 42, and her husband, Giuseppe “Joe” Giudice, 44, both of Towaco, New Jersey, were sentenced to 15 months and 41 months in prison, respectively. Both defendants previously pleaded guilty before U.S. District Judge Esther Salas in Newark federal court to several counts of the superseding indictment returned against them in July 2013. The Giudices each pleaded guilty to one count of conspiracy to commit mail and wire fraud, one count of bankruptcy fraud by concealment of assets, one count of bankruptcy fraud by false oaths, and one count of bankruptcy fraud by false declarations. Giuseppe Giudice also pleaded guilty to one count of failure to file a tax return. Judge Salas also imposed the sentences today.

Judge Salas ordered Teresa Giudice to report to the Bureau of Prisons on Jan. 5, 2015, to begin serving her sentence. Giuseppe Giudice will report to serve his sentence after his wife finishes serving her prison term.

“The Giudices together deceived financial institutions with patently false loan applications; were dishonest when they sought the protection of the bankruptcy court and hid assets and income from the trustee; and Giuseppe Giudice cheated the government by failing to pay taxes on years of significant income,” U.S. Attorney Fishman said. “When they pleaded guilty, both admitted swearing to statements they knew were lies. Prison is the appropriate penalty for these serious financial crimes.”

“The Federal Deposit Insurance Corporation (FDIC) Office of Inspector General is pleased to join the U.S. Attorney’s Office and our law enforcement partners in this final phase of the prosecution,” Fred W. Gibson, FDIC’s Principal Deputy Inspector General, said. “Today’s sentences highlight the seriousness of offenses that undermine the integrity of the financial services industry. We are committed in our efforts to uncover such fraudulent schemes that cause harm to FDIC-insured institutions and to the Nation’s housing industry.”

“Reality hit home today for Giuseppe and Teresa Giudice,” Jonathan D. Larsen, Acting Special Agent in Charge, IRS-Criminal Investigation, Newark Field office, said. “They are now both convicted felons with prison sentences to serve. Choosing lies over the truth when dealing with the IRS, banks, and the bankruptcy court will not be tolerated.”

“Concealing assets and lying in a bankruptcy case are crimes, deserving of punishment,” Roberta A. DeAngelis, U.S. Trustee for Delaware, New Jersey and Pennsylvania (Region 3), said. “The Giudices remain responsible for paying their debts. They lost the protection our bankruptcy laws afford debtors because they broke the law to obtain it.”

According to documents filed in this case and statements made in court:

From September 2001 through September 2008, Giuseppe and Teresa Giudice engaged in a mail and wire fraud conspiracy in which they submitted fraudulent applications and supporting documents to lenders in order to obtain mortgages and other loans. The Giudices falsely represented on loan applications and supporting documents that they were employed and/or receiving substantial salaries when they were either not employed or not receiving such salaries.

In September 2001, Teresa Giudice applied for a $121,500 mortgage loan for which she submitted a loan application falsely claiming she was employed as an executive assistant. She also submitted fake W-2 forms and fake pay stubs purportedly issued by her employer. For a $361,250 mortgage loan that Teresa Giudice obtained in July 2005, she and Giuseppe Giudice prepared a loan application which falsely stated she was employed as a realtor and that she made a monthly salary of $15,000. In fact, Teresa Giudice was not employed at the time.

On Oct. 29, 2009, they filed a petition for individual Chapter 7 bankruptcy protection in U.S. Bankruptcy Court in Newark. Over the next few months, they filed several amendments to the bankruptcy petition. As part of the bankruptcy filings, the Giudices were required to disclose to the United States Trustee their assets, liabilities, income and any anticipated increase in income. The Giudices intentionally concealed businesses they owned, income they received from a rental property, and Teresa Giudice’s true income from the television show “The Real Housewives of New Jersey,” website sales, and personal and magazine appearances. The Giudices concealed their anticipated increase in income from the then-upcoming second season of the show. They also testified falsely under oath in bankruptcy proceedings when questioned about their assets and income.

Giuseppe Giudice also admitted that during tax years 2004 through 2008, he received income totaling $996,459 but did not file tax returns for those years.

In addition to the prison terms, Judge Salas sentenced Giuseppe and Teresa Giudice each to two years of supervised release, and ordered the couple to forfeit $414,588. Additionally, the judge fined Giuseppe Giudice $10,000 and fined Teresa Giudice $8,000.

Giuseppe Giudice was advised by the court that he faces deportation after serving his sentence. That decision will be made by U.S. Immigrations and Customs Enforcement following completion of his prison sentence.

U.S. Attorney Fishman credited special agents of the FDIC-OIG New York, under the direction of Principal Deputy Inspector General Gibson; special agents of IRS-Criminal Investigation, under the direction of Acting Special Agent in Charge Larsen; and Region 3 U.S. Trustee DeAngelis and the Newark office of the U.S. Trustee, with the investigation.

The government is represented by Assistant U.S. Attorney Jonathan W. Romankow of the U.S. Attorney’s Office Criminal Division, and Counsel to the U.S. Attorney Rachael A. Honig, in Newark.

14-356

Defense counsel:
Teresa Giudice: Henry E. Klingeman Esq., Newark
Giuseppe Giudice: Miles Feinstein Esq., Clifton, N.J.

 

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  • twifan2

    Looks like Fishman is ‘washing his hands’ of the Juicys. :/

  • WestCoastFeed

    I wonder whether they will pursue the Juicys for their perjured statement to the court regarding their current assets. The judge did say that it could happen.

    • MorningYawn

      I realllllly reallllllly hope so. It is a classic example of perjury (and arrogance, and delusions, and.,.)

  • It behooves me these two really thought they would not get caught when they appeared on TV.

    • Trippinhhard

      From day ine Teresa flaunted their wealth and turned her nose up at used or regular things. When it all said and done, you don’t remember things, it’s the time spent together as a family that matters.

  • Trippinhhard

    There’s this thingee about being narracstic —they can’t see anything but what they want..
    Teresa is still asking why me????? just look at how she treats her brother and SIL–Teresa could never admit anything, even when the truth just knocked her out..
    They will not tell their kids the truth—-anyhow does her kids go to private school???
    Bec in private school or catholic school you can’t tease anyone—-parents or parent are always going to jail or doing something embarrassing.

    • WestCoastFeed

      Hi, trippin. The kids go to public school.

      • Trippinhhard

        Oh well they are being teased.. Gia is a strong young lady, she’s the one that takes care of her sisters.. Teresa needs to STOP using that child as a girlfriend. She’s going to resent her for it..JMTC

    • Bravoparolee

      She really can’t, she would rather knowingly drink the koolaid (like her fans,) than ever admit to any wrongdoing. That in itself shows you exactly who she is

      • Trippinhhard

        It sure does. I’ve known some nasty narracstics, but they could break down and say I’m sorry.. Not I’m sorry IF I offended you.. Big difference

        • Bravoparolee

          No kidding, I have heard that “sorry if I offended you, an insult wrapped up in an alleged apology

          • Trippinhhard

            Yes and I’m the bitch that laughs in your face, when someone starts that BS with me.. I don’t do the IF’s, that’s not taking responsibility for your actions. Teresa finally told the court she was sorry–shit I would have been come clean and stayed OUT OF JAIL—put that house, vacation home on the market and downsized immediately. But tread is a MF and Teresa lives to be the center of attention. Now she really is famous, for ALL the wrong reasons.. I wonder what her mother and father feels–you know they spoiled Teresa and never made her take responsibility for her actions.

    • Tre’s a Sad Convicted Felon

      Their kids are all over whatever social sites they spew their junk on. There won’t be any sort of “keepin’ it quiet” from the little twerps… when some bully b*tch wannabee teenager starts disclosing the truth about their CONVICTED AND SENTENCED FELON parents and what incompetent twits their jerk parents actually are!

      If the Trolls on those social sites are anything like the Trolls on ROL are, those Giudice kids are going to get a snoot fool of truth. And it ain’t gonna be pretty!

  • Bravoparolee

    Don’t you love the excuse that the television show isn’t real blah blah blah
    Don’t y’all think that is the understatement of the year? Really Theresa, when you were counting out your walk around money of $ 120,000 for new furniture stuffed in your $5,000 designer bag to pay for the house that fraud built, that wasn’t real money? Oh that’s right, you only listed your furniture value at $25,000
    There is a question for you Andy Cohen, but I won’t count on you asking any hard hitting journalistic nuggets….BTW, ask your “star felon” to knit your some socks in the BIG house, getting chilly out

    • Marsbars09

      Bravo, reality TV is Tre’s life. That’s what she lives for.

      • Bravoparolee

        I know and their only source of income, like we didn’t know that…..but Joe definitely had an office….and a desk LOL!

        • Marsbars09

          “Like we didn’t know that”.
          No need to get smart alecky, Bravo. I’m basically concurring with your comment.

          • Bravoparolee

            No I meant that it was a headline yesterday, the bravo show was their only source of income, like we didn’t know joe had lost several jobs, make sense?

          • Marsbars09

            OK.

  • Trippinhhard

    Um I was thinking Teresa won’t have a problem finding a job in jail, she love live loves to cook, so the kitchen would be a good fit. She will be a model criminal in jail–scared as crap to look at anyone. LMAO

    • Bravoparolee

      LOL!

  • Marsbars09

    What I am curious to know is if the Giudices’ had to do it all over again and knew the consequences, would they commit fraud.

    • Trippinhhard

      Yes they would, Teresa thinks she deserves the very Best of everything..

      • Tre’s a Sad Convicted Felon

        Yep, Teresa deserves to share the largest standard sized cell with the same bunk bed accommodations with a lovely stainless steel commode and her chance to dine family conveyor line style in the exclusive Cah Fey Tear eee Yah at the ever lovely CampCupCake.
        It’s a VEHRY Exclusive Dining Facility! And the blankets are very “scratchy…uh…I mean…soft”!

    • TartLemon

      IMO, yes they would do the same thing again. They’ve been caught and still buying $80K vehicles with what? Teresa has made no move to downsize. She still brags about and flaunts designer duds. It’s only a few weeks ago Milania was flaunting her closet bursting at the seams with designer clothes she couldn’t possibly wear because of normal growth.

    • MorningYawn

      Yup! Because if the did it again, they would assume they’d be smarter and not get caught… Or filed their papers on time… They are arrogant enough to believe it!

    • itsjustme

      Of course they would. Because even though they pled guilty they still to this day don’t understand that they did anything wrong. After all didn’t one of them say on the show that “everyone does it”. Or something to that effect.

      • Marsbars09

        I think the phrase was, “this could happen to anyone”.

  • TartLemon

    Before Teresa gets one of those jobs in the kitchen or laundry, she’ll have to pay the piper with a stint in the toilets. All by hand, too. There are no tools which could be potential weapons.

    Sparkle Teresa Sparkle.

    • Trippinhhard

      Hey Tart I just wrote the same thing on the other thread, she WORKUNG in the kitchen..
      She love love loves to cook.

      • KJ

        Thy trippen
        To funny!!
        As long as her new luvs do duh dishes 2

  • WestCoastFeed

    Andy tweeted that he has just finished interviewing Teresa and Joe for Monday’s WWHL.

    • TartLemon

      Regular time?

      • Jennymckitty

        It’s going to air at 9:00 on Monday. I’m guessing it will be an hour. Andy said that they filmed for several hours.

        • KJ

          Omgosh that’s crazy!!

    • MorningYawn

      Wow! He didn’t let them sit for a second!

    • Jennymckitty

      I can’t imagine doing an interview like that the day after sentencing. I don’t know whether to admire her strength or just shake my head.

  • MorningYawn

    Is there an agency they may have forgotten? An individual who should have been included! My word that was distracting!

    • KJ

      Who or what morning?
      Btw hi

      • MorningYawn

        Hey hey KJ. I am laughing at all the quotes in the press release, the litany of government agencies! They all need a pat in the back!

        • KJ

          Oh I was like wth?? I thought you meant that they forgot some of the big bucks they owed!!
          LOL

    • Jennymckitty

      The FDA to say the cookbooks have too many calories to be skinny?

      • KJ

        Hi jenny! How are you babe?

        • Jennymckitty

          Pretty good…and yourself?

          • KJ

            Hanging in there love! :))

          • Fritz the. At

            Did you used to be miss kitten?

          • Jennymckitty

            No, I miss her though.

          • Fritz the. At

            I think she may have changed her name. I did.

          • I miss her too.

      • MorningYawn

        Hahahaha! Maybe they can be included in the perjury (cross fingers) press release!

  • September24

    I like Juicy and Tre. They are a hoot on the show. But I do not feel sorry for them. See ya in 2016!

  • italiano bambino

    The statement is so clear and people keep defending these two crooks.

    • Delusional at it’s finest.

      Hey Bam!

      • italiano bambino

        the reunion would continue to be a pity on the giudice. Can bet on that.

        • itsjustme

          All I see coming at the reunion is everyone saying they are supporting the criminals and how sad they all are for the family and how this shouldn’t be happening. Everyone will be saying how they think all they should have gotten was house arrest and pay restitution and the 13 million should be wiped out. The reunion will be as boring as the whole season was. Tre will be continuing her “I don’t know why this is happening to me” pity party.

          • Susie Whats Her Name

            I am just hoping (fingers crossed) that Teresa lets it slip out of her mouth (or Joe) that they are innocent. BAM

          • Imstillstanding666

            Yep definitely skipping this boo hoo fest for the guidices. I’ll check back here to see if anything significant was revealed though I highly doubt it

          • chacha1

            Oh and you can bet that Melissa and Danielle are doing the happy dance and Joe Gorga is thinking Nah Nah ….

  • WestCoastFeed

    Vince gets the credit for noticing this. The Milania Collection products are all for sale with prices slashed drastically. Is it going out of business? Is that why Teresa’s asset statement listed her interest as worth $0.

    • twifan2

      Looks like they’re ‘down-sizing’ & outting Tre! 😀

    • KJ

      Hi WCF!
      How are you tonight?
      So their selling out there stash??

      • twifan2

        KJ!!!!
        How are you? How’s Al? How’s the fam? ALL doing good, I hope! 🙂
        Cray day yesterday, for sure! Glad today is FRIDAY! 🙂

      • WestCoastFeed

        Hi, KJ. It’s baseball playoffs time, so I am just popping in from time to time. Vince is right, the prices on that stuff look like rock bottom. The big 3 pack of the stuff normally sells for $74.99 is dropped by $50. Same for the other individual products. Looks like a going out of business sale.

        • KJ

          How about those royals WCF??? Yes I’m from KCK!!

  • Vince Foster, Jr.

    They are the stupidest criminals on the face of this earth.

  • Vince Foster, Jr.

    Can you believe that Teresa is going forward with her bottle signing on Wednesday? She hasn’t changed a bit. Robin is still pimping her out.

    • chacha1

      her fan club The Oompa Loompas will be out in force with their welfare checks and/or social security checks in hand to give to poor Teresa

  • Vince Foster, Jr.

    I am sad to announce the first casualty of the Giudice sentencing. A spotted man was found unresponsive in his New York City apartment at 4:39 p.m. this afternoon. NYPD spokesman, Sgt. Harry Snapperorgans stated “we found six open bottles of Fabellini by his body, a juicy joe meatball in his mouth and several sprinkle cookies in his buttocks. He was taken to Bellevue Hospital where is was pronounced brain dead. He was then discharged for a hair and Botox engagement”

    When will this madness end?

    • ✿❀❁ Tigerlily ❁❀✿

      The news here in NY has also reported multiple sightings of 2 leopard spotted chickens, holding picket signs, wander through Times Square, looking dazed & confused!

      • Bwahahaha!!! I can always count on you for a good laugh. Thank you.

        • ✿❀❁ Tigerlily ❁❀✿

          Happy Saturday Seussie! Golly gee I didn’t know 2 of them would post so large. I really should open them first! LOL!
          Leopard spotted chickens. Who knew?

          I hope all those watching have learned from Juicy & Tre’s felonious ways, that crime doesn’t pay.

          You know Doc…

          • Hey lovey! Sorry, I just saw this. Thank you for this marvelous insight. Hope you’re having a wonderful weekend.

      • chacha1

        Hmmmmm chickens .. something that Joe will be choking in prison until Bubba finds time to do the prison slow dance with him

        • ✿❀❁ Tigerlily ❁❀✿

          Yup, Juicy’s goose is cooked Chacha.

      • Harleygirl0685

        Lmao!

  • Bonita Gee

    Welp the judge said she considered giving her house arrest but Teresa didn’t show any remorse. .. Oh Well 15 months is less than the 15 years people were predicting…….. and what about the 20 to 30 years some said Joe might get… sheese…. 41 months isn’t that like 3 1/2 years??? Hhhmmmmm…. oh well American Justice……….. Heee heee!!

    • Vince Foster, Jr.

      Actually, the sentencing was within the guidelines. Frankly, I thought she would get off on the kids card. She almost pulled it off but the pathological liars couldn’t even tell the truth on the disclosure forms. Teresa and Joe will never change, it’s in their blood. She doesn’t know right from wrong and unfortunately those kids don’t have a chance for a proper upbringing.

      • chacha1

        the judge did consider giving her probation but the skank lied again about the assets and got caught …..

    • chacha1

      On another article it says Joe got arrested for impersonating a police officer and having drugs … anyone know if this is true ???

      • WestCoastFeed

        I just read that, it was part of the prosecuting attorney’s statement. It has to be true. I wonder when he tried that act? What a complete idiot he is!

        • chacha1

          How about it !!!!

        • Harleygirl0685

          If this is true, it beyond infuriates me! My son is a cop, walks out the door everyday in a bullet proof vest! His job is no friggin joke! For this piece of shit to pretend for a second to be a cop is really low! Just when you think they can’t do anything worse something else comes out!!!

          • He can prtend all he wants in Italy he will be deported

      • Harleygirl0685

        Whoa….he did what?????

    • twifan2

      And weren’t you posting: ‘SO to ALL of those who I might insult or offend when Teresa receives her probation, and or, house arrest I am truly SORRY in advance.’
      15 months might as well mean 15 years to Tre. 🙂

    • ✿❀❁ Tigerlily ❁❀✿

      Bonita. what happened? Your girl let you down again. Bad Tre. Bad, bad Tre.
      LOL! Hope you didn’t lose any $$$ betting on Tre getting probation or house arrest only.
      Happy Saturday Hon!

    • Hey Bonita, I’m sooooo sorry your girl is going to the slammer. I know you and Dana are taking this really hard. What went wrong tho….I thought you said we would all be in an uproar when she got off?

  • itsjustme

    It makes me laugh to think they could file bankruptcy the same year as the first season of the show. When on the show it shows them flaunting the thousands of dollars to furnish their garish home. Did they honestly think they could throw cash around like that and the government wasn’t going to bat an eye and just absolve them from all their creditors?. Yep, they both belong on the worlds dumbest criminals list for sure!
    I am SOOOO very happy to hear they both will be serving time for their criminal activities. No two scumbags deserve it more than those two!

    • chacha1

      And I do not feel sorry for the daughters they have the Guidice and NJ mentality, they probably think it is COOL and their friends think it is too ….. look at Victoria Gotti and Karen Gravano whose father was the big RAT that took down John Gotti ….. they have their own shows and books to sell … JMO

      • jane

        Karen Gravano and Victoria Gotti grew up in a different time and are now middle-aged adults. The Giudice girls are young. They are kids. Looking at pictures of Audriana, especially. This little one deserves what her parents have done to her? I think not. Yes, Milania is quite the handful; and saying that is being kind but she also does not deserve to be punished or ridiculed for the sins of her parents. I can pretty much guarantee that Gabriella and Gia are not thinking this is all cool. They are embarrassed and humiliated all thanks to their stupid parents. I went to school with a boy whose dad was in prison for murder and no, he did not think it was cool. His mother worked three jobs and he was a latchkey kid. His life was miserable at school because the kids picked on him and said terrible things to him all the time. Kids are very cruel to one and other; especially girls. Things are going to change alot for the Giudice girls. What their parents did to them is disgraceful. Joe and Teresa Giudice should be ashamed for what they have done to their girls and they will never be able to fix the damage they have caused those children. I prefer to believe that as with all children, they will be able to learn some serious life lessons with all this and grow into decent adults. They are still young enough to make that change, including Gia. That boy I went to school with turned out to be quite a great man with a good family. That being said, I respect your opinion but this is mine.

        • chacha1

          and you are entitled and I respect your opinion … and I do feel bad for the little Audriana ….. Gia will do fine since she is nothing but a bully like Milania is ….

        • Can’t say I feel sorry for these spoiled brats the parents felt no moral duty to be honest people so why should I ir anyone care ? Their parents didn’t give a hoot.

          • jane

            You
            are right dorinne. Their parents didn’t give a hoot just as I also said in my
            comment. Those two deserve everything they are getting and more. But the
            children? It is not their fault they are spoiled or that their parents did what
            they did with absolutely no regard for the childrens’ welfare or future. As
            is always the case, the children are the real victims when parents do such
            despicable things. Those girls were betrayed by those who were supposed to
            protect them most – their own parents. These kids are victims just like everyone
            else the Giudices scammed. So maybe – just maybe – somebody should give a hoot
            about them. All children, no matter who they are, deserve to have someone give
            a hoot about them because as children there can still be the hope and the
            potential,that they can turn into good, decent adults. Many criminals’ kids
            turn into upstanding adults who contibute to society. With the Giudice girls,
            only time will tell how they turn out as adults. I cannot blame them for what
            their parents did and I cannot take it out on them either. Just my opinion as
            you are entitled to yours and I do respect that.