Joe Giudice Sentenced To 41 Months In Prison!

Today things got REAL for Real Housewives of New Jersey stars Teresa and Giuseppe “Joe” Giudice as her husband Joe Giudice Sentenced To 41 Months In Prison!

The Giudice’s lavish lifestyle is coming to an end!

Giuseppe “Joe” Giudice has been sentenced for 3.5 years behind bars for

The couple admitted to conspiracy and three types of bankruptcy fraud, hiding assets from creditors and filing false loan applications, mail and wire fraud, so basically over $5 million dollars  in mortgages and construction loans. Joe Giudice must pay $414,000 in restitution.  As for, Teresa Giudice, she is awaiting her sentencing in Newark, N.J, in federal court.

It was suggested in court that the couple could possibly stagger their sentences in order to care for their four young daughters.

Here is what we are hearing from FOX News:

U.S. District Court Judge Esther Salas slammed them for not disclosing all their assets in a pre-sentencing report. She said they didn’t include all the recreational vehicles they own.

But the judge gave Joe Guidice credit for helping people rebuild after Super-storm Sandy and other storms.

He made a brief statement in which he apologized and said he had disgraced many people.

The Giudices admitted that they hid assets from bankruptcy creditors and submitted phony loan applications to get some $5 million in mortgages and construction loans.

Both Giudices pleaded guilty to conspiracy to commit mail and wire fraud and three types of bankruptcy fraud. Joe Giudice, 43, also pleaded guilty to failing to file a tax return for 2004, and acknowledged he didn’t file taxes on income of approximately $1 million between 2004 and 2008.

Let’s be real, didn’t Teresa and Joe think about the possibilities of being caught when they signed on to do the Real Housewives of New Jersey.  Showing off their lavish home, spending habits and extravagant vacations obviously raised some red flags!

The Giudices still owe over $13 million to creditors.

Bravo has yet to comment on their reality star’s sentencing.