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Sure, Teresa and Joe Giudice may be headed to prison, but that doesn’t they gotta live like a couple of shnooks, ya know? What is this the end of Goodfellas?!

Yes, Teresa is still living the high life as she awaits sentencing on fraud charges that could land her behind bars for 28 months.

The Giudices are selling their $4 million mansion and seeking out humbler digs, but Teresa clearly has no plans to give up the high life.

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The highest-paid Jersey Housewife went house hunting with her daughters on the most recent episode of The Real Housewives of New Jersey, and eagle-eyed viewers noted that the Valentino handbag she was sporting retails for about $2,500!

Bold move for a woman who owes millions to her creditors, but it turns out Teresa may not be living as high on the hog as she’d like us to think:

 

“Teresa was given a Valentino handbag by producers of the show to use for filming,” a source tells Radar Online. “They wanted her to look extremely wealthy while she was shopping for a new house, especially since she was downsizing.”

“The purse was on loan, but Teresa expected to keep it. When producers told her she had to give it back, she wasn’t happy at all.”

Wow. Teresa’s situation is so sad these days, yet somehow it’s still funny.

Watch The Real Housewives of New Jersey online at TV Fanatic to enjoy every moment of her ridiculousness.