Teresa And Joe Giudice, ‘Real Housewives Of New Jersey’ Stars, Released From Jail On $500,000 Bond

Teresa Giudice and her husband Joe Giudice have made headlines for their family disputes showcased on their reality show, "The Real Housewives of New Jersey," although now the couple is making headlines for federal fraud charges. The Giudice's made their initial court appearance on Tuesday morning were the judges seized their passports and ordered them to confine their travels to New Jersey and New York in accordance with the terms of their bail.

The couple was charged with fraud in a 39-count indictment on Monday, the court charged them with conspiracy to commit mail and wire fraud, bank fraud, making false statements on loan applications and bankruptcy fraud. Teresa, 41, and Joe, 43, stand accused of inflating their income when they applied for loans in 2009, before their hit Bravo reality show aired, then they couple alleged hide their fortune within a fraudulent bankruptcy filing following the debut of the first season.

According to CBS News, authorities have accused the high-profile couple of submitting fraudulent mortgage and other loan applications from 2001 to 2008, including fake W-2s, tax returns, and bank information to bank lenders. The fraudulent information then lead to the Giudice's receiving $4.6 million in mortgages and loans.

Teresa Giudice's attorney, Henry Klingeman, said she would plead not guilty. In similar fashion, Joe's attorney, Miles Feinstein, stated, "We're going to meet these charges and fight them." In a statement Teresa alleges her dedication to her husband, family, and of course her lifestyle. "I support Joe and, as a wonderful husband and father, I know he wants only the best for our lovely daughters and me I am committed to my family and intend to maintain our lives in the best way possible, which includes continuing my career."

The most serious of all the fraud charges the couple faces is regarding the bank fraud and loan application fraud, which carries a maximum potential penalty of 30 years in prison and a $1 million fine. In addition, Joe could be deported to Italy if convicted because he is not a U.S. citizen.

If convicted, they could face a maximum sentence of more 50 years in prison. However, Teresa's lawyer, Klingeman seems to have little worry that his client will face any jail time, stating "we look forward to vindicating her."