According to a new story by and The Star-Ledger, the feds are finally seizing property from Teresa Giudice to pay off her debts to the government. Teresa needs to cough up about $414,000 in restitution to the government. After they get theirs then the other folks they stole from can get theirs. Uncle Sam always takes his piece of the pie first.
According to Zambito, Teresa has “agreed to let” the feds do this. ROFLMAO. The feds take whatever they want in these situations and you just bend over and let them have their way.
Imprisoned “Real Housewives of New Jersey” star Teresa Giudice has agreed to give the government the keys to her 2005 Maserati as well as a portion of her Bravo pay to satisfy the $414,588 debt she owes the federal government, court papers show.
Giudice will also let the government sell off the furnishings inside her Montville Township mansion and will hand over 50 percent of rental income for a home she and her husband Joe own in Lincoln Park, the court records show.
New Jersey federal prosecutors filed court papers Friday signed by Giudice, which give the government the right to the property and cash so they can recoup restitution ordered by U.S. District Court Judge Esther Salas at the couple’s October sentencing.
What is interesting to me is that they are taking 50% of the rental income on the rental property. Do they even have tenants anymore? The house looks like a dilapidated teardown. I guess something is better than nothing. The article also says that Tre has signed paperwork to authorize Bravo to pay the government 25% of any monies held on behalf of, or payable to Teresa Giudice. I’d bet my bottom dollar that Tre got all of her money before she went to prison. Remember when she showed up to court without the initial $200,000 she had to come up with as a good faith act entering into the plea deal? She got her last check for the reunion and the WWHL interview of $150,000 and had to borrow the rest. There is no more money from Bravo, at least not right now.
So to review, half of no rent is nothing. 25% of no income is nothing. You can pick up a 2005 Maserati Quattroporte for less than $25,000. So that furniture better bring a pretty penny at auction or she is still looking at well over $300K in federal restitution alone.
Both the Montville house and the shore house are in bankruptcy. The shore house was set to sell at auction last May but that entire auction was rescheduled to July 21 for reasons unrelated to the Giudice property. They still owe over $350,000 on that house and the sales price is not expected to cover the debt.
I hope they at least leave something for the kids! The kids are innocent in this whole mess.
I don’t think the feds play that way. They just want their money. Maybe Kim can loan Teresa some money from her 3 book deal.
That’s exactly what I thought,too Mary.
Maybe, I am just too empathetic, but I find the whole thing sad. I wouldn’t actually die if it happened to me. However, I would be heartbroken for my children.
Why is everybody so worried about the kids? If Joe and Teresa didn’t worry about their own kids, why should the government.
I think the govt should take the money. Having children is not a reason to absolve you of paying for your crimes.But it doesn’t make it any less sad for the children. Sad, tragic, but also essential. Ultimately it will benefit them to see their parents paying for their crimes.
It only happens to greedy low life’s like Joe & T. Just think we all went to our jobs everyday to support our families and support theirs as well…we even paid for her fake boobs..I will NEVER watch any Bravo shows if T. comes back!!!!!s
I wish I had your self control, Share Mayne. I know that I’ll continue to be watching Bravo and reading TT’s great recaps. Some people that I really like aren’t on (Caroline Manzo) and some that aren’t favorites of mine stay (Tamra Judge).
Like TT said,I waste a lot of my time watching, but I just can’t seem to help myself. 😉 Of course, that’s paraphrased.
I hope their kids get something out of this mess too. And that is the knowledge that they need an education and a career, and not to lie, cheat, and steal to get ahead.
I agree. And how to work for what you want, hard. People forget to teach their children the importance of delayed gratification. No, you can’t have that now simply because you want it right now. Work for it….earn it.
I agree. That is who will suffer IMO. The oldest daughter seems to be carrying the weight of the world on her shoulders.
A jail house cook book!
She better do something. They need Bravo, desperately.
Teresa Giudice Jailhouse Juice gauranteed 25% alcohol content made with the finest toilet water in the New Jersey penal system. And hey once she gets out move over Skinny Girl Jailhouse Juice is gonna run all over your skinny ass.
Why are people assuming that she will be earning more from Bravo? Her lawyer, Henry Klingeman, also garnished her Bravo income. So did that laundry supply company that supplied their Laundromat. Do they all know something that we don’t know? Or that TT doesn’t know?
I think it’s a pretty safe bet if she decides to go back to Housewives they will offer her more money. It’s probably also a safe bet that she sees a lot less, I’m pretty sure the max that can be garnished outside of tax money is 25%. I’m curious to see how much of the debt she can discharge through bankruptcy.
Hallelujah !!! ‘Bout time. though. They need to go on and take 10,000 sq. ft white-elephant home. Giudices should instead get 3 bedroom, 2 bath place, maybe some place near the girls’ schools or other places the girts frequent so maybe the older ones could walk there….get a place that benefits the girls for a change, not something that appeals to the Giudice’s egos and distorted view of reality !!! Still rooting for JUSTICE for the “little guys,” folks with families who have their own kids to feed, who worked on Giudice’s white-elephant, etc. .. hoping they get paid for their labor. To me, the Giudice’s total disdain and non-acknowledgement of those workers is the most disgusting.
It’s sad the people that are owed money and government won’t get what is due them, not even close.
The kids will be fine, they have family.
I believe they hid whatever they could. They’ve got something stashed away.
They have to have something stashed away. Teresa’s been locked up for 5 months, and I don’t think Joe has a job.
I agree with both of your statements.
Teresa & Joe cared more about themselves (& keeping up with the Joneses) than their own children. Greed was their 1st priority. The kids will be fine & hopefully they’ll learn from this & not follow the parent’s footsteps.
This might sound dumb, but that’s never stopped me before, so here goes: Is there a chance that Teresa and Joe are taking the fall for someone else? I don’t want to stereotype, but don’t they seem like a damn mob couple? Like maybe they got in trouble so it would throw the scent off of someone else. Is it just me?
As in they’re taken the heat for someone else? I don’t believe anyone would select either one of them to be the fall guy (as neither of them are very bright). Personally I believe it was just plain greed (+ more greed) coupled with their stupidity (dumb & dumber). 😉
Minky, I don’t think they are taking the fall for anyone, mob or not. But I do think they got caught up in a common mortgage fraud scenario. I’m sure someone told them how to do it and they were too dumb to think it through. The housing market crashed and it all came tumbling down.
Good idea, Lisamia. A cookbook on how to cook italian on a homemade hotplate made in prison.
Is the $414k owed the feds the same as the $414k owed Wells Fargo? Also after this is paid they need to pay all their back taxes….wow.
My big question is whether Teresa will come out of prison a changed woman. Are these months away from her children and out of the limelight going to help her reconsider what’s really important in life, or will she return to deception, greed and self-delusion?
Teresa never gave up deception, greed, and self-delusion.
Remember they are the good guys that don’t deserve their fates. They were just doing what everyone else was doing. They were singled out because of Melissa and their fame. And please let’s not forget that Tre was just being the dutiful wife signing whatever Joe wanted her to no questions asked. So I don’t think that Tre will learn anything other than to hire better lawyers because it’s their fault for not filling out the paperwork correctly.
I believe she stashed some back too. She was taking cash only at a lot of book signings there towards the end. I’m not trying to be mean but her kids did profit from it she spent a ton for Gia to go to New York modeling not to mention clothes and birthday parties but after all is sad and done the kids have to hear all about what has happened they are in the middle.
They should take everything she makes except a very meager earning just like they do everyone else when you have judgements against you. Her family should sell everything to pay off their debts as much as possible including those big houses. Moving in a modest home would certainly humble them all. It wouldn’t hurt to know family values and that the most important thing is having each other. A lesson I’m sure their learning thru the prison visits.
The banks will take the houses, eventually. It seems they are paying the mortgage on the rental.
On Mon, Jun 8, 2015 at 10:35 PM, Tamara Tattles wrote:
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With what money? Just another thing that doesn’t make sense, and leads me to believe that they have $$$$ stashed away.
If they are still paying the mortgage on the rental seems to me that would be the perfect place for them to live.
If the only thing that matter to her are her girls and their family she shouldn’t have any problem living in a 3br/2ba apt or condo. She should also not have a problem having a few of her kids’ friends over for homemade cake and homemade decorations for birthdays. She should also not have a problem buying clothes at target or Walmart or thrift stores for herself and her family. She should also not have a problem learning what a coupon is when she grocery shops. Somehow I don’t see any of this happening, yet somehow it will still be “all for her kids” that she can’t.
Perhaps when Tre gets out and Joe is off to prison, Tre’s good friend in the ATL will offer her shelter for herself and her girls. You know good friends are there to support you and help you get on your feet when you fall. Luckily, her best girl has a large new house.
Here’s the thing that bugs me about Teresa. She broke the law and is currently incarcerated. Certainly inconvenient to her, but her family continues living in their “mansion” and going about their lives (I wonder if Joe remembered to file taxes this year). I pay federal taxes, so technically, I’m contributing to Teresa’s support while she is “away, researching her book”. When she gets out, she stands to make a lot of money from Bravo and her other “endeavors”. What has she actually learned? Sure, she gave up a car she doesn’t drive, and a percentage of non-existent current wages (the feds didn’t mention monies from the interviews or magazine covers, or other products, or future earnings), and rental income that may or may not exist. And auctioning of contents of a home that they stated didn’t amount to much in their bankruptcy filing. I really just wish she would go away, but I fear she will be around in reality TV for a long time.
And I don’t think she’s worried about auctioning of the furnishings. If Bravo wants to keep her on, and promote her faux life style, they will just foot the bill for new furnishings and a new house if need be. Shame on Andy.
The Tre huggers who think the girls should somehow profit EVEN MORE from the sins of their parents are so batshit crazy to me. What about all the kids who didn’t get lavish birthdays and TV shows and private dance lesson because their parents chose NOT to rob a bank?
The girls are not going to fucking orphanages. They are just EVENTUALLY going to have to live like normal like normal kids The fucking Tre Huggers are already gearing up to send money… for what?
If anything the death of Victoria Siegel should explain that all the money in the world doesn’t change things.
And there are millions of parents doing the right thing and raising kids within their income. They are equally cute, know what a nativity scene is all about and don’t think God is Santa in the sky that you pray to for Louboutins.
I am infuriated that people who post here are concerned about these spoiled brats. They are not going to be gassed. They are not going to be eating gruel. They might just have OMG THE TRAVESTY live like normal people.
On Tue, Jun 9, 2015 at 12:09 AM, Tamara Tattles wrote:
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Amen.
Yes, yes and yes!
Well said.
*applause* yes yes yes!!!
What TT said!
In a world where many parents struggle just to shelter, feed, and clothe their children, I can’t believe Teresa’s fans would even consider giving money to these felons to support their bogus lifestyle. That’s the real tragedy here.
Are people donating to these folks? Oh good grief. While I hate that any children have their worlds turned upside down, that is really crazy.
The stuff is just that…stuff. It can all be gone in a flash for any of us. Seeing our parents at their worst can sure be hard.
Brava TT!!!
The only good thing with Bravo taking her back is some of her creditors MAY get paid (of course after the Gov’t, which is always a First Line Creditor).
Mind boggling.
I hope that they learn from this. I would like to believe that having been in jail is a deterrent to stop from going back in.
Fix it Jesus