'Real Housewives of NJ' cast members admit guilt on mortgage, bankruptcy fraud chargesNEWARK — Teresa and Joe Guidice, stars of Bravo's "Real Housewives of New Jersey," both pleaded guilty in federal court this morning to several mortgage and bankruptcy fraud charges.
Both Teresa and Joe Guidice, who stood throughout the hearing, softly said, "Yes, your honor," to U.S. District Judge Esther Salas when asked if they admitted their guilt to the charges. They both appeared composed.
The Montville couple will be sentenced at a later date.
Under their plea agreement, and per sentencing guidelines for those charges, Teresa Giudice would spend less than two years in prison, while Joe Giudice would spend a minimum of three years behind bars, The Record reported.
The Record reported last week that the couple has agreed to plead guilty to the charges under a deal that would send them both to prison.
In July, the couple was charged in a 39-count indictment that accused them of conspiring to fraudulently obtain millions of dollars in mortgages and other loans and of hiding assets and income during their past bankruptcy proceedings Two additional counts were added later.
Prosecutors also accused Joe Giudice of not filing federal tax returns between 2004 to 2008 despite the fact that he earned $1 million over that time period.
The Montville couple previously requested separate trials, but prosecutors required both of them to plead guilty to take the deal, The Record reported.
Teresa Giudice with her Hermès Garden Party handbag
Martha Stewart with an Hermès Birkin bag and an Hermès Garden Party bag, going to Court back in 2004.