Remember all the confusion over the $200,0000 Teresa was supposed to pay as part of her PLEA DEAL when she was on WWHL? Well, she finally paid it! It will be important for you to bear in mind this was a condition of her plea deal and not part of her sentencing as you read through this post. Because even local legitimate New Jersey news outlets are reporting this wrong. First let’s talk about the news.
“As part of their plea deal, Teresa had been told to pay the $200,000 either before or at sentencing. But one of her attorneys told the judge at the sentencing that he was waiting for the checks to clear. About $150,000 was secured through a contract advance of Teresa’s, while the remaining $50,000 was obtained from a friend as a loan, he said. Salas said she didn’t understand why the funds weren’t secured in advance, given that the couple had months to prepare. Eric Breslin, one of Teresa’s lawyers, said on Tuesday that the $200,000 demanded by the court was paid on Oct. 6. But he declined to provide details about the contract advance.”
The news is that the $200,000 that Teresa needed to pay by the day of sentencing has finally been paid, late. We can infer by this information, paired with what her attorney said that the delay was due to Bravo. We also now know how much Teresa was actually paid by Bravo in total for her interview with Andy AND he reunion show, $150,000. If you recall I already told you that the numbers floating around for her interview were extremely inflated. If she had made more than $150K in her last check for the interview and reunion, she would not have needed to supplement with a $50K “loan from a friend.”
Another point of clarification. The check was not an advance. Bravo is not in the habit of giving six figure advances to employees, particularly those convicted of financial fraud. What they did was promise to hand her, her much needed check right after the reunion was finished, on October 5th. That check was cleared on October 6th when payment was made. Her attorney may have tried to sell it to the judge as “waiting for an advance” but as the judge pointed out, if an advance was granted it certainly could have happened in time. The fact of the matter is that Teresa had to meet her final obligations to Bravo in order to get her final check. If this financial plan by Bravo were modified for Teresa do you think she and Joe would have shown up for WWHL or the reunion? It also explains why Andy denied that anyone was late to the reunion. He was just happy she actually showed up. She really had no choice.
My final point of clarification is in regard to where the $200,000 was allocated. NorthJersey.com is reporting that $200,000 will be put toward the $414,000 restitution to Wells Fargo. That is incorrect. This $200,000 is part of the PLEA DEAL not the restitution set at sentencing. Remember? I explained all of this here. And nothing has changed. To quote myself, “Teresa has agreed to pay $200,000 back to the IRS prior to her sentencing date of July 8, 2014 as partial satisfaction of her debt. She is also required to refile all of her taxes from 2000 through 2011 with all necessary documentation. She is required to make necessary payments for all affected tax years prior to her sentencing date. In the event she is unable to make such payments in full, she must set up a mutually agreed upon plan with the IRS.” Remember boys and girls Uncle Sam takes their share first EVERY TIME. There are no exceptions to this rule. Wells Fargo’s debt of $414K will not be paid from this payment.
And that is the real tea on the mystery of the $200K that you won’t hear elsewhere, until of course they read it here first. Let’s wait and see if the news outlets change their report or if the misinformation perpetuates. 🙂