Teresa and Joe Giudice Plead Not Guilty to Federal Fraud Charges

Teresa Giudice and her husband Joe plead not guilty to federal fraud charges on Wednesday.

The Real Housewives of New Jersey couple appeared at the federal courthouse in Newark, N.J., to face their 39-count indictment, including charges of conspiring to commit fraud via fake pay stubs, tax returns and W-2 forms to secure nearly $5 million in loans. 

Joe, 43, is also charged with failing to file tax returns for five years, during which time he earned nearly $1 million, while Teresa, 41, is accused of hiding her income from the Bravo reality series as well as other business ventures when her family applied for bankruptcy back in 2009.

During the five-minute hearing, the couple, who have four daughters, waived the reading of the charges. Their lawyers entered not guilty pleas on all 39 counts. They are set to return to court Oct. 3 and go on trial Oct. 8.

If convicted on all counts, the couple could be sent to jail for up to 50 years. For Joe, who was born in Italy and is not a U.S. citizen, a conviction could also lead to deportation.