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More news to report in the Teresa Giudice bankruptcy saga.
Somehow this news has managed to slip through the cracks, but two days after the Ibuysss blog first broke the story, Reality Tea has uncovered some documents showing that on September 24, 2010, New Jersey Judge Morris Stern ruled that Real Housewives of New Jersey star Teresa and her husband Joe Giudice are required to stand trial on July 14 & 15, 2011 for charges relating to bankruptcy fraud.
The Giudices had tried to get the bankruptcy fraud allegations dismissed. If you recall, Teresa and Joe filed bankruptcy back in October 2009 to the tune of $11 million in debt. Things were working according to plan for the Giudices as Teresa even went on a $60,000 shopping spree just days after filing Chapter 7.
The problems arose however when on 06/30/2010, John W. Sywilok, the Chapter 7 Trustee assigned to oversee the Giudices bankruptcy filing, alleged they had commited bankruptcy fraud by concealing assets and income from their filing. The accusations include -
- Failure to report $250,000 (an advance Teresa received from a publishing deal for her book)
- Failure to report Joe’s ownership/interest in a Pizza shop
- Failure to report a $3,333.33 monthly income
- Concealing assets including a bank account of Joe’s, two pieces of real property, vehicles, the ownership of an online boutique called TG Fabulicious
- Presenting false income tax returns to the bankruptcy court
From looking at the court documents, tt seems the July, 2011 court date is simply to get a judge to dismiss the Giudices’ Chapter 7 bankruptcy petition because of fraud. If the trustee does suceed in getting the bankruptcy dismissed, the Giudices would then be responsible for their $11 million debt.
We’re no legal experts here at Reality Tea but it is likely criminal charges for lying under oath, IRS fraud, etc will follow if the Giudices are found guilty of commiting bankruptcy fraud as it appears the July 2011 hearing is solely focusing on getting their bankruptcy dismissed, and not so much on the criminal aspect of the serious allegations.
TELL US – WHAT ARE YOUR THOUGHTS ON THE LATEST DEVELOPMENTS? IF THE GIUDICES DID LIE IN THEIR FILING, DO THEY DESERVE TO GO TO JAIL?
I want both of them in jail! Is there no justice in this world?
anyone who flauntsthe law this way, should have to pay the piper. There are too many folks out there just trying to make ends meet, and take care of their families the legal way, and you have those who are scamming the system.
Hmm…. I wonder if they reported their cabin in the Catskills in their Bankruptcy??? Bet not! However, even though their being brought up on fraud charges, they have no problem in doing a segment on Real Housewives and showing off more of their assets. It’s obvious to me that they are narcissist’s and just can’t help showing off. In the real world you reap what you sow…and so should they!
Looks like a case of felony banking fraud to me. Penalties are harsh for defrauding Federally insured financial institutions. Somehow I doubt Teresa is ready for sharing a berth with prison dike Bertha.
Teresa has lost her mind. She says that ugly joe did nothing wrong–The stupid idiot signed his partners name to a legal paper–and that is called FRUAD. It doesnt matter who told him to do it–it is NOT legal and he id resopnsible for the FRAUD. He can say ge was told to sign it by JESUS, and it is still FRAUD. One person cannot sign another persons name to ANYTHING. It is illeagle an jucie brucie joe is a criminal. can you not see this Teresa, or are you as stupid as you act????
Oh she is that stupid! Manipulative to boot but very stupid! I am truly disgusted with Tre and her husband Joe and feel so sorry for their family for what she has put them through. I learned in elementary that you cannot sign someone else’s name FOR ANYTHING! Where did this woman go to school?….
The epitome of what is wrong in our country right now. The news and everyone blames the ‘banks’ and people like Teresa and Joe are “victims”. Both should go to jail and be 100% responsible for their $11 million in debt. Teresa can take her pampered _ss and work nights at a cashier at Bloomingdales. White trash!!!
They both should go to jail, people like them should not even be allowed to be on public TV. Teresa and Joe are trash. Real trash, not white, black or Italain trash just TRASH!!!!!!!!!
You recognize therefore considerably when it comes to this matter, produced me in my view believe it from a lot of varied angles. Its like men and women aren’t interested until it’s something to accomplish with Lady gaga! Your personal stuffs nice. At all times deal with it up!