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.