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Real Housewives Star Faces More Charges Related To Bankruptcy Fraud

Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Do I need an attorney to file bankruptcy?”

In a case that demonstrates exactly how important it is to ensure that your bankruptcy filings are accurate and complete, prosecutors in New Jersey have announced even more charges that are being filed against Joe and Teresa Giudice. The Giudices were made famous from their roles on the Real Housewives of New Jersey and are now infamous due to the 41 counts they face for alleged fraud in connection with false statements made on loan applications as well as others relating to their 2009 bankruptcy case.

 

Wood Gavel Charlotte Bankruptcy Lawyer North Carolina Chapter 7 AttorneyProsecutors say they have solid evidence that the two exaggerated their income while applying for loans before Bravo started airing their reality show. After initially pretending to be wealthier than they actually were, prosecutors say the couple then lied about being poor when they filed for bankruptcy in 2009 after the first season of their show aired.

 

Federal authorities say that they have evidence that proves the couple hid large amounts of money and income from the bankruptcy court that handled their case. After charges became public that their bankruptcy filings were inaccurate, the two decided to dismiss their case, mistakenly believing this would shield them from further scrutiny.

 

The federal indictment went on to explain how Teresa failed to disclose the income she was bringing in from her Real Housewives television show during the filing, this despite the fact that the showed had already finished filming at least one season. The complaint says that she and Joe signed a contract to appear on the show for $110,000 the first season, money that was never declared during the bankruptcy proceedings that lasted nearly two years.

Experts say that once a person files for bankruptcy the public nature of the process can uncover financial secrets that they may wish had stayed hidden. In the case of the Giudices, the public filings as well as the conspicuous consumption displayed on their reality show put them in the crosshairs of federal prosecutors. Experts say it did not take much digging to discover that the picture painted in the bankruptcy filings did not match up with what was being shown on television.

 

For their fraud the Giudices now face up to 50 years in prison. If convicted, Joe Giudice might even be deported because he is an Italian citizen. The case should clearly highlight how important it is for people to be open and honest when filing for bankruptcy and how stiff the penalties can be if you fail to do so.

 

If you find yourself needing the services of a Charlotte, North Carolina bankruptcy attorney, please call the skilled lawyers at Arnold & Smith, PLLC today at (704) 370-2828. As professionals who are experienced in the bankruptcy arena, our attorneys will provide you with the best advice for your particular situation.

 

Source:

“Real Housewives of New Jersey stars Teresa and Joe Giudice hit with MORE fraud charges,” by Chelsea White, published at DailyMail.co.uk.

 

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