Jersey Housewife Goes To The Big House
Teresa Guidice was sentenced to 15 months in prison followed by two years of probation. She also has to pay $414,588 in restitution. Husband Joe got 41 months and has to pay $414,588 in restitution.
In March, the couple pleaded guilty to federal fraud charges, admitting they hid assets from bankruptcy creditors and submitted phony loan applications to get some $5 million in mortgages and construction loans.
Under federal sentencing guidelines, Joe faced a potential sentence of 37 to 46 months and Teresa could get 21 to 27 months, though the judge could deviate up or down from those ranges. Lawyers for Teresa, 42, remained hopeful that she might be spared a prison sentence and instead receive probation, noting the need to care for the couple’s daughters.
Joe, an Italian citizen, could be deported after his prison term is completed. His attorney has said Giudice came to the US as an infant and didn’t know he wasn’t an American citizen.
Both Giudices pleaded guilty to conspiracy to commit mail and wire fraud and three types of bankruptcy fraud. Joe also pleaded guilty to failing to file a tax return for 2004, though he acknowledged he didn’t file taxes on income of approximately $1 million from 2004 to 2008.[su_csky_ad]