In addition to their $11 million debt and October 2009 bankruptcy filing, the Post is now reporting Joe Giudice is being accused by a former business partner of forging his signature on a mortgage document in order to take out another loan and pocket $1 million.
Court papers reveal the alleged forgery took place in 2007, and it’s unknown what Joe did with the cash. The said business partner Joe Mastropole won an Oct. 23, 2009 judgment in his case, which is now in dispute because the Giudices filed for bankruptcy just days later.
An attorney for the Giudices admitted that Joe signed the document, but said he did so with Mastropole’s permission. Mastropole however calls this “a lie.”
The problems don’t end there for the Giudices as people are also questioning whether the big time spenders – who owned three homes and drove a Cadillac Escalade and a Maserati — are really broke. “I think that Joe had numerous assets,” said Bob Kaslander, co-owner of Excelsior Lumber in Butler, NJ, who was stiffed $91,266. “I don’t think they’re bankrupt.”
The IRS is also currently investigating Joe Giudice’s business interests, which included a stone and stucco company.