I have been doing some digging and want to clear up a of couple things here. First, I want to give a general idea of what is expected to occur on Tuesday, and secondly, clear up some incorrect statements in comments in the original post.
The short and simple explanation for what will happen on Tuesday is that Tre and Joe will arrive to a brief hearing with the judge. The judge will ask them if they have accepted a plea deal. They will say yes. The judge will ask if both the Feds and the Giudices are in agreement with the deal which will be submitted to the court (and probably read aloud at some point.) The judge will agree to review the plea deal. A sentencing date may be set immediately or they may meet again to set a sentencing date. That is all that will happen on Tuesday.
Then at some future day they will return for sentencing. That date will likely get postponed a few times as the Feds sort out the restitution/fines part of the agreement. By entering a guilty plea, it is now much easier for the Feds to seize property and funds related to the fraud charges. This means their cash flow may change drastically after Tuesday.
As far as sentencing goes, it looks like based on the more credible sources out there that Joe will plead down to a Class D felony which has a mandatory sentence of 5-10 years with the plea agreement likely stating something much closer to 5 than 10. I realize that yesterday’s source has Joe with a three-year minimum, but that does not seem to follow the guidelines as I have read them. Teresa’s plea is likely to a Class E felony with a mandatory sentence of more than 1 year but less than 5. It is possible that she could do her year on house arrest. But everything I am reading says she will do a year minimum in some form.
Here is another thing that you may not understand. The plea agreement is NOT binding. The judge who handles the sentencing has the final say. Just because the FEDS and the Giudices have reached an agreement, the sentencing judge ultimately decides the sentence. The plea agreement is nothing more than a recommendation. This is why Alicia from Mob Wives is still on pins and needles awaiting her sentencing despite agreeing to a plea agreement. I believe her plea agreement is for house arrest, but the judge could give her five years. That means that whatever plea agreement is submitted to the courts on Tuesday will be sort of a “best case scenario.” We will not likely hear the actual sentence for months. We certainly will not hear it on Tuesday.
So that is the current update from what I am reading. My sources are not Tabloids, but attorneys and government sentencing guidelines. Teresa’s attorney has already said that a certain Tabloid that is being mentioned in many blogs is factually incorrect. The truth of the matter is we will know the details of the plea deal until Tuesday.