The authorities shared today that the two additional counts are related to a $361,000 mortgage loan that Teresa took out in July of 2005. Teresa claimed on the loan application that she was employed as a realtor making $15,000 per month. But the fact is that Teresa wasn't even employed outside the home at the time!
Teresa's attorney says she will plead not guilty to these new charges as well. “As she did with respect to the allegations contained in the original Indictment, Teresa intends to plead ‘not guilty’ to the allegations in the new indictment. She looks forward to defending herself. … Beyond that, we will answer all of the charges in court, not out.”
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Authorities shared that these two new bank fraud and loan application fraud counts each carry a maximum possibility of 30 years in prison and a $1 million fine!
TELL US – DO YOU THINK TERESA WILL BE ABLE TO DIG OUT OF THIS ONE?
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