« | Home | »

The Real Housewives of New Jersey: Teresa Giudice Cleared in Fraud Case

December 16, 2010 09:00 AM by Shayla Perry


Teresa Giudice of Bravo’s The Real Housewives of New Jersey can breathe a little easier now that she’s been cleared in the lawsuit brought against  her by a former business partner of her husband’s, Joe Mastropole. But the Giudice family isn’t completely out of the woods…

On Wednesday, Teresa Giudice testified in the federal case that was brought against her husband, Joe Giudice, by his former business partner, Joe Mastropole. In his suit, Mastropole claims that Teresa’s husband forged his signature on a mortgage document so he could take out another loan and keep the $1 million himself.

Mastropole also alleges that Teresa Giudice took part in her husband’s activities because her name and signature appear on the mortgages, but those claims were dismissed by New Jersey Judge Morris Stern, since Teresa was not a business partner in her husband’s real estate endeavors.

BUT, she’s not totally in the clear. According to the judge, Teresa Giudice may still have to deal with a breach of contract issue somewhere down the line.

Joe Mastropole claims that in 2007, he gave Joe Giudice a $586,000 loan that was secured by three buildings in New Jersey. Mastropole says that Giudice only repaid him $300,000, and that the remaining balance was due three years ago. That same year, Joe Giudice allegedly forged a document dated June 2007, stating that the mortgage was paid.

Mastropole won a judgment in the case in 2009, but that judgment is now being disputed, since Joe and Teresa Giudice filed for bankruptcy that month. The Giudice’s are hoping that the money owed to Mastropole will be discharged because of the bankruptcy.

No date has been set for the judge’s decision.

Want more? Follow our tweets on Twitter and “like” us on Facebook!For other great The Real Housewives of New Jersey news, please feel free to check out SirLinksALot: The Real Housewives Of New Jerseyand then come and discuss the show on our reality TV message boards.

For more breaking news about celebrities and entertainment visit our sister site SheKnows.com!

Photo Credit: Getty Images

Topics: Bravo Reality TV Shows, The Real Housewives Of New Jersey |

« | Home | »

recommended for you

No Comments »


SheKnows Entertainment