Saturday, April 19, 2014

Teresa Giudice Forced To Sell Mansion As Bank Account Goes Empty Following Fraud Charges
For years, Real Housewives of New Jersey star Teresa Giudice and her family lived a life of luxury, complete with a sprawling mansion, luxury cars and international travel. But now that her life of lies has come tumbling down since she and her husband Joe plead guilty to fraud and conspiracy charges last month, has learned that the money stream has dried up – and she could soon be forced to sell her house!

“Teresa has hardly any income coming in because of her guilty plea in the federal fraud and conspiracy case,” a source told Radar. “If it weren’t for the money she’s made from Real Housewives of New Jersey, she would be in serious financial trouble right now.”

“Her book sales have been very low, and Teresa hasn’t been offered any gigs for paid promotional appearances either,” the source continued. “It’s a foregone conclusion, Teresa absolutely will have to sell her beloved New Jersey mansion. She’s terrified she could end up homeless.”

As Radar has reported, the luxe-living reality TV will only be ordered to pay back $7,500 of the shocking $13 million debt they cited in a 2009 bankruptcy filing, and their creditors are angry about being stiffed.

“We just want the money she owes us,” an employee of the North Hudson IVF fertility clinic, one of the Giudices’ creditors, told Radar exclusively. Teresa, 41, was rumored to have undergone fertility treatments there in order to conceive youngest daughter Audriana, 4.

The Giudices owe the clinic $11,765.59 for their services, and the employee says the couple’s refusal to pay is simply unfair, insisting, “We’re just a company that helps people.”

However the bankruptcy documents, obtained by Radar, reveal that other companies lost much more. The couple has virtually stolen more than $1 million from Dime Savings Bank of Williamsburgh, nearly $2 million to the Community Bank of Bergen County, and more than $5 million from Wachovia Bank. Only the Giudices’ bankruptcy lawyers and trustee will receive payment.

Teresa could be facing 27 months in prison, while Joe could get 46 months hard time after pleading guilty to 41 counts of mail, wire, bank and bankruptcy fraud in March.