"A stucco and stone company". Is that a euphemism?
Posted on 06/05/2010 10:29:07 AM PDT by tlb
She has a gaudy new mansion, pricey breast implants and spends thousands of dollars on shopping sprees for her spoiled brats -- but a New Jersey reality star and her goombah hubby are real-life deadbeats who owe $11 million, court records show.
Free-spending "Real Housewives of New Jersey" diva Teresa Giudice and her husband, Joe, make just $79,000 a year and are up to their tanned necks in liens, foreclosures and unpaid bills, according to bankruptcy papers filed in Newark federal court.
The Giudices say they owe creditors $10,853,648.04.
Teresa, known for her lust for designer clothes and expensive bling on the Bravo show, owes nearly $20,000 on credit cards for Bloomingdale's, Nordstrom and Neiman Marcus. In total, the Giudices show $104,000 in debt on at least eight credit cards.
The bank has moved to foreclose on the Giudices' $1.8 million, 10,500-square-foot, eight-bedroom, 5½-bath marble-and-onyx manse in Towaco, NJ, the couple moved into during the first season.
Teresa and Joe defaulted on their $1,280-a-month payment for the family's ubiquitous black Cadillac Escalade. They also didn't have insurance on the massive SUV, according to GMAC.
Teresa -- who this season told Joe to get a vasectomy -- owes $12,000 to a Garden State fertility clinic.
In court papers, Joe, who owns a stucco and stone company, lists his monthly income as $3,250; Teresa pulls down $3,333 a month for her Bravo gig. The couple gets another $10,000 in "monthly assistance from family members."
(Excerpt) Read more at nypost.com ...
"A stucco and stone company". Is that a euphemism?
$10 million debt on $80k salary isn’t bankruptcy, it’s outright fraud. They deserve jail time for defrauding their creditors.
What sort of culture have we become when we glorify and make famous the irresponsibles and the ignorants!
“shopping spree”? Sounds more to me like a crime spree.
Noooo, your soo wrong.
They deserve a Govt appointed job... preferably in the Treasury Department, or Fed Reserve, as they have the experience.
Or perhaps a front?
They can move in with the Freegans
When we allow the entertainment industry to run things. Like how the entire entertainment industry convince all but the Chinese, India, and Russians about the terrors of global warming.
how long will these suckers continue this practice?
I have never watched the show but two things come to mind:
Wasn’t Tony Soprano in the waste disposal business in Jersey? This guy is in stone and stucco? Do they both hang at the Badda Bing? I mean, how does a couple pulling down less than 100g’s get access to ten million dollars?
The other thought is that these are hard core Democrats. They spend not knowing or caring where the money comes from. It’s just monopoly money.
I’m a housewife from New Jersey, and I don’t think we’re even the same species....
I’m of the mind of a mafia-associated business as well.
Why do people watch this trash?
They dont deserve jail time. Their creditors were stupid. No one who makes $79K a year should get anywhere near $11 million in credit.
Before becoming a housewife, Teresa earned a degree in Fashion Marketing and Management from Berkeley College. She worked in the fashion industry in New York as an associate buyer for Macys before deciding to stay home with her children. She is the owner of TG Fabulicious, an online boutique. Her first book, “Skinny Italian,” a lifestyle title that teaches authentic, healthy Italian cooking with over 60 recipes straight from Salerno, hits stores in May 2010.
From her bio. I’d say there’s a whole lotta funny stuff going on.
That’s a man, son.
(And I don’t mean the short guy in the suit and tie.)
“GUILTY”
Even for NJ—making $80/k year (while not a whole lot of $$) yet a couple can live reasonably well if handled wisely.
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