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.