When Teresa Giudice appeared on The Real Housewives of New Jersey, she seemed to have it all: a beautiful mansion, a summer beach house, fancy cars, you name it. But in 2009, things started to look fishy when Giudice and her husband, Joe Giudice, filed for bankruptcy, and then, oddly, canceled the auction that would have paid back some of their creditors. After that, Teresa continued to live a lavish lifestyle on the show, as if the bankruptcy proceedings never happened.
Considering she was making $650,000 a season, one might assume Real Housewives was digging the Giudices out of the hole. If only it were that easy.
In 2013, Teresa and Joe were indicted on 39 counts of fraud and tax charges. Long story short, Us Weekly reported that the couple had spent roughly 10 years falsifying its income to secure exorbitant loans and then understating its earnings during the bankruptcy proceedings. Not good. While the couple initially claimed innocence, the Giudices eventually pleaded guilty and were both sentenced to time behind bars.
After serving her time, Teresa returned to Real Housewives and even shot a spin-off special, Teresa Checks In, but don’t think that’s the end of her money woes. Her net worth is $11 million in the red. It’s going to take a lot of cookbooks to bounce back from that one.