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Teresa And Joe Giudice Each Released On $500,000 Bail

Posted on Tue Jul 30, 2013 09:20 AM PDT

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Just a day after being charged with 39 counts of fraud, Teresa Giudice and Joe Giudice appeared before Judge Cathy Waldor at the United States District Court in Newark, New Jersey, and were each released on $500,000 unsecured bail bonds. The couple have also been ordered not to leave either New York or New Jersey until their August 14 hearing, and they must also surrender their passports.

On Monday, Teresa, 41, and Joe, 43, were charged in a 39-count indictment that included charges of conspiracy to commit mail and wire fraud, bank fraud, bankruptcy fraud and making false statements on loan applications. In addition, the indictment also charges Giuseppe with failure to file tax returns from 2004 through 2008 -- when he allegedly made nearly $1 million.

"Today is a most difficult day for our family. I support Joe and, as a wonderful husband and father, I know he wants only the best for our lovely daughters and me," Teresa said in a statement to Us Weekly. "I am committed to my family and intend to maintain our lives in the best way possible, which includes continuing my career. As a result, I am hopeful that we will resolve this matter with the government as quickly as possible."

On Monday, Teresa's attorney, Henry Klingeman, said in a statement, "Teresa will plead 'not guilty.' The judicial process that begins today with an indictment is a search for the truth. As it moves forward, we look forward to vindicating her."

Bank fraud carries up to 30 years in prison, while conspiracy to commit mail and wire fraud carries a maximum sentence of 20 years. If convicted, Teresa could face up to 50 years behind bars. Joe faces an additional 10 years in prison for allegedly using his brother's ID in 2010 to get a fake driver's license.



 





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