The Giudices appeared before U.S. District Court Judge Esther Salas at federal court in Newark, New Jersey, at 10 a.m. to hear the final verdict in the fraud case brought against them by the federal government last year.
The final sentence for Joe Giudice was 41 months in a federal prison plus repayment of $414,588.90 in restitution. He must also enter an alcohol treatment program; Joe had admitted, through his attorney, that he has a drinking problem.
“I stand here humiliated before the court and society and my family and society,” he said. Neither Giudice said anything afterward and they were allowed to leave, but not before coughing up $200,000 of their $414,588 fine.
Prior to his sentencing, Judge Salas admonished him for his actions, saying, “Everyone indulges, but there has to be discipline. Your four daughters need to understand discipline. If you don’t have it you shouldn’t spend it,” she said. “If they won’t like you because you’re not driving a Benz or walking on Jimmy Choos or Manolo Blahniks then they’re not your friends.”
She later added, “I believe you are charitable and a good person, but I am giving you a jail sentence.”
Teresa received just 15 months, about 2/3 of the potential sentence; prosecutors had argued against house arrest, claiming that she would benefit by remaining in the very home she had defrauded others to purchase. She will report to prison on January 5, 2015.
“I’m not gonna deny it, I’m so scared. I’m really scared,” a sobbing Giudice told Judge Esther Salas Thursday. “I’m a good woman of faith and heritage.” Teresa added, “This is not how I was raised. I will make this right, your honor.”
The judge said she will not serve her sentence at the same time as her husband, for the sake of their children. Her sentence also includes two years of probation and $414,588 in restitution payments.
However, prosecutors noted that in her pre-sentencing list of assets, Teresa Giudice failed to include several cars, ATVs and other items, claimed no jewelry and said her $3 million home is filled with just $25,000 worth of furniture. Meanwhile, Joe Giudice failed to file tax returns for the last several years, despite the requirement to do so in his plea agreement.
Last July, the Giudices were indicted on 39 counts including conspiracy to commit mail and wire fraud, bank fraud, making false statements on loan applications and bankruptcy fraud. The incidents occurred between September 2001 and September 2008.
They were accused of filing fraudulent paperwork to obtain some $5 million in mortgages and construction loans and then hiding their assets during a 2009 bankruptcy petition. Joe also failed to file tax returns between 2004 and 2008 on income of more than $990,000, reports the Huff Post.
The TV show stars were originally supposed to appear before a judge for sentencing in July, but the hearing was rescheduled when Joe’s father, Frank Giudice, died unexpectedly at age 63 in June.