Teresa Giudice Accused of Fraud & Hiding $250,000 in Bankruptcy Filing

If you have been following the news reports about Teresa Giudice for the past few months, and have recently wondered if things could possibly get worse for the Real Housewives of New Jersey star, we are here to report the answer is yes.

The media outlet RadarOnline has uncovered some new documents filed on Thursday by Roberta A. DeAngelis, the US Trustee overseeing the bankruptcy petition of Teresa and husband Joe Giudice, basically asking the Judge in the case to dismiss the Giudices’ Chapter 7 bankruptcy petition because of fraud.

The main fraud accusation has to do with that little known book Teresa wrote titled Skinny Italian. The accusation is that Teresa failed to disclose the $250,000 advance she received from her publishing deal with Hyperion, which might explain why she went on a $60,000 shopping spree just days after filing.

This is fraud because the contract Teresa signed has been uncovered, and it is dated October 22, 2009, which is exactly a week before she filed for bankruptcy on October 29, 2009 to the tune of $11 million in debt. “The Defendants have knowingly and fraudulently made false oaths in this case” states the court documents.

Popeater also reports that while Teresa acknowledged in an April 2010 examination under oath that she received the book advance, her legal team failed to officially update court records about the newly disclosed assets.

Other assets the couple is accused of concealing include a bank account of Joe’s, two pieces of real property, vehicles, the ownership of an online boutique called TG Fabulicious, as well as Joe’s 1601 Maple Avenue Associates, LLC.

The complaint also accuses the Giudices of presenting false income tax returns to the bankruptcy court. And as the days go by, prison time is starting to look like a real possibility for the Giudices, that is if the feds decide to file fraud and perjury charges against them.

As if this wasn’t humiliating enough, RadarOnine is also reporting today that Teresa will be hosting a table flipping contest in Delaware on September 25. The site states “Teresa will appear at the Funky Monkey in Wilmington Delaware, where she’ll hold a meet-and-greet with fans and invite women to flip a table for a prize.”

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