Teresa Giudice Pleads Guilty to Fraud, Likely Headed to Jail

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Teresa Giudice is probably going to jail.

The Real Housewives of New Jersey star and her husband entered a plea of guilty this morning inside a Newark courtroom, agreeing to terms of a plea bargain in which Teresa could face under two years behind bars and Joe a minimum of three.

Details are still coming in, but TMZ reports Teresa copped to four counts (including conspiracy to commit wire fraud and bankruptcy fraud) and Joe to five (the same as his wife, plus failure to file tax returns).

Giudices Go to Court

The stars were originally indicted on a total of 41 criminal charges last year  - yes, 41! - as a result of allegedly illegal actions that took place between 2001 and 2011.

Prosecutors believe the couple used phony pay stubs; doctored tax returns; and obtained nearly $5 million in mortgages via W2 forms that inflated their actual income.

The Giudices have also been accused of hiding assets after they filed for bankruptcy in 2009.

They will be sentenced at a later date and The Real Housewives of New Jersey star will undoubtedly try to paint herself as a victim in an impending statement.

(UPDATE: Giudice has taken responsibility and released a statement.)

If she actually does head to jail, we may need to add to this list of classic Teresa Giudice moments in order to include one of her getting finger-printed:

Teresa Giudice: Table Flipping
And now for the classic. Teresa's face is priceless as she famously flips the table. Bravo. Bravo.

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Teresa Giudice and her idiot husband Joe are nothing but lowlife parasites. Also, 2 or 3 years behind bars??? Man...what a joke?!?!? This is further proof that A LOT of so-called reality stars are nothing but spoiled and insufferable jackasses who act like the law doesn't apply to them. Those whack-jobs Joe and Teresa are no different. And...Joe and Teresa do nothing but antagonize, bully and threaten people. Bottom Line here: Joe and Teresa need to do A LOT of time behind bars...PERIOD!!!!!

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Boy something is rotten, over the last few months T & Joe have maintained that they are good people who did nothing wrong. Now they cop a ple and admit that they 'made a few mistakes'' this means to me that Teresa lied to Amdy and all her fans. She also stated that she wanted to tell her fans the truth, now she said she won't talk about her court case outside the courts. Now that's way to convieniet an excuse. I wondering if there will be any fallout with her numerous business deals and her job with Bravo.

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She has no forehead. Prob correlates to small brain size.

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HOO HUMM .. 2 MORE ISREALI JEWS IN TROUBLE !1 NOT NEW !!!