The Buzz… Teresa and Joe Guidice found GUILTY!

The Buzz... Teresa and Joe Guidice found GUILTY!

Things are looking inauspicious for Mr. and Mrs. Guidice.

Teresa pleaded guilty to four of the 41 charges to face a lesser sentence. The most serious count, conspiracy to commit mail and wire fraud, would have carried a maximum sentence of 20 years in prison and a $250,000 fine. The other three charges — bankruptcy fraud by concealment of assets, bankruptcy fraud by false oaths, and bankruptcy fraud by false declarations — each charge would have carried a maximum of five years in prison and a $250,000 fine. Teresa now only faces a maximum of two years in prison. She was also forced to surrender $200,000 prior to entering her plea.

Joe also pleaded guilty to the same four counts, along with an additional charge of failure to file a tax return. The plea reduced his prison sentence to around three to four years (37 to 46 months), with a five year maximum.

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