Teresa Giudice, Husband to Strike Plea Deal in Fraud Case; Jail Still a Possibility

by at .  Updated at . Comments

Teresa Giudice and Joe Giudice will plead guilty to a number of fraud charges on Tuesday.

According to Us, The Real Housewives of New Jersey stars have reached a plea bargain with prosecutors and both will be present in front of a judge this week.

"Joe and Teresa Giudice have arranged a plea agreement with prosecutors in their federal case," an insider tells the celebrity gossip tabloid.

As a result, "The couple will plead guilty to several but not all 41 of the charges, and both will appear in court on Tuesday with their lawyers."

The couple is accused of lying about its assets in bankruptcy documents, among other allegations, and is facing 50 years in prison if convicted across the board.

The upcoming deal doesn't mean Teresa and Joe will avoid jail altogether necessarily.

"Probation, fines, and or jail time are still all options on the table," a source says.

UPDATE: Yup, Teresa and Joe have pleaded guilty.

The Giudices were first charged in July of conspiracy to commit mail and wire fraud, bank fraud, bankruptcy fraud, and making false statements on loan applications.

With Season 6 of their Bravo hit currently filming, the parents of four will release a statement on Tuesday. In the meantime, enjoy this Teresa gallery ...

Tags: , ,