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Teresa Giudice and her husband are in major trouble with the law.

U.S. Attorney Paul J. Fishman announced today a 39-count indictment against The Real Housewives of New Jersey couple, alleging that the Giudices defrauded the IRS and a number of banks over an seven-year period that started in 2001.

According to the legal filings, Teresa and Joe schemed to illegally obtain mortgages and other loans from various banks by purposely overestimating their incomes in order to garner more cash.

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As previously reported, the reality stars then withheld key information about their net worth when they filed for bankruptcy in 2009.

Joe, meanwhile, is accused of failing to file income tax returns for all the years between 2004 and 2008, despite supposedly banking $1 million during that time.

Overall, the charges levied against this couple include:

  • Conspiracy to commit mail and wire fraud, which carries a maximum prison sentence of 20 years.
  • Bank fraud, which carries a maximum of 30 years.

TMZ reached out to Bravo for comment, but the network is yet to address the situation.