Joe was also sentenced to 12 months on an additional count, to be served concurrently, and he will have to pay $414,000 in restitution to Wells Fargo bank, plus $10,000 in fines. If Teresa is also sent to the slammer, she will serve her term first and then Joe will serve his so four young daughters will be taken care of.
U.S. District Court Judge Esther Salas started off the hearing by scolding the reality TV stars for their bad judgement. "They had an obligation to be transparent and candid and open with the court, and I don't think I got that," Salas said before the court, according to NJ.com. "I want to understand the disconnect."
In July of 2013 the couple were charged in a 39-count indictment, including conspiracy to commit mail and wire fraud, bank fraud, making false statements on loan applications, and bankruptcy fraud. They initially pleaded not guilty to all charges, but back in March they changed their minds. Teresa ended up pleading guilty to four counts of fraud while Joe took the fall for five.
Prior to his sentencing, Joe read a letter to the courtroom saying, "I stand here humiliated before the court and my family and society. I disgraced many people, including my wife and four daughters. I take full responsibility for my actions. I promise to be a better person."
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