Mortgage fraud sends reality TV stars to jail

by REP03 Oct 2014
These dream clients drove expensive cars, lived in a luxury mansion and forged documents to get six-figure home loans. But their past has finally caught up with them and this celebrity couple has been sentenced to prison.

Teresa Giudice, star of "The Real Housewives of New Jersey," applied for a $121,500 mortgage in 2011 by falsely claiming she worked as an executive assistant and submitting fake W-2 forms and pay stubs, according to Reuters.

Giudice and her husband, Giuseppe, also admitted that between 2001 and 2008, they submitted fraudulent applications for mortgages and other loans, falsely claiming to have substantial salaries.

The Teresa was sentenced to 15 months in prison, while Giuseppe received a prison sentence of 41 months. Further, Reuters reports, Giuseppe was ordered to pay $414,588 in restitution and was fined $10,000.

The Towaco, N.J., couple entered plea deals in March, admitting to bankruptcy fraud and conspiracy to commit mail and wire fraud. Giuseppe also pleaded guilty to failure to file tax returns on income totaling nearly $1 million.


  • by 10/4/2014 10:56:14 AM

    Greed and crime does not pay.


Is a Toronto foreign sales tax a good idea?