Update

Teresa and Joe Giudice Appear in Court to Face Fraud Charges

Joe and Teresa Giudice

Julio Cortez/AP

updated 07/30/2013 AT 12:15 PM ET

originally published 07/30/2013 AT 10:50 AM ET

Teresa Giudice and her husband “Giuseppe were released on $500,000 bond each after making initial court appearances on Tuesday in Newark, N.J., to face federal fraud charges.

The stars of The Real Housewives of New Jersey were ordered to surrender their passports and to confine their travels to New Jersey and New York. Joe Giudice could be deported to Italy if convicted because he is not a U.S. citizen.

They did not enter pleas.

They were charged in a 39-count indictment Monday with conspiracy to commit mail and wire fraud, bank fraud, making false statements on loan applications and bankruptcy fraud.

The couple is accused of exaggerating their income while applying for loans before their TV show debuted in 2009, then hiding their fortunes in a bankruptcy filing after their first season aired.

Authorities allege the couple submitted fraudulent mortgage and other loan applications from 2001 to 2008, a year before their show debuted on Bravo. Prosecutors said the couple submitted fake W-2s, tax returns and bank account information to lenders.

Prosecutors allege the Giudices received about $4.6 million in mortgages, withdrawals from home equity lines of credit and construction loans.

Advertisement

From Our Partners