Under federal guidelines, Joe Giudice faces a potential sentence of 37 to 46 months and Teresa Giudice could get 21 to 27 months.
Joe and Teresa Giudice were arraigned Wednesday in federal court in Newark on one count of bank fraud and one count of loan application fraud.
Teresa and Guiseppe “Joe” Giudice entered a plea of not guilty before a federal judge Wednesday afternoon.
The couple is accused of exaggerating their income while applying for loans before their TV show debuted in 2009, then hiding their fortunes in a bankruptcy filing after their first season aired.
The couple submitted fraudulent mortgage and other loan applications from 2001 through 2008, a year before their show debuted on Bravo, making phony claims about their employment status and salaries, the indictment said.