Teresa Giudice and husband Joe during better times in InStyle magazine.

Teresa Giudice and husband Joe during better times in InStyle magazine.

New Jersey real housewife Teresa Giudice, 41, and husband, Giuseppe “Joe” Giudice, 43, have been nailed in a 39-count federal indictment for alleged fraud involving mortgages and other loans. Joe Giudice was also charged with failing to file income-tax returns.

The Gudices, who are featured on the Bravo show “The Real Housewives of New Jersey,” parade around like wannabe mobsters, and now maybe they really are.

In an interesting move, the Gudices have hired separate defense lawyers. Joe Giudice is being represented by Miles Feinstein, while Teresa is being represented by Henry E. Klingeman.

U.S. Attorney Fishman credited special agents of the Federal Deposit Insurance Corporation, Office of Inspector General, New York Region, under the direction of Special Agent in Charge A. Derek Evans; special agents of IRS-Criminal Investigation, under the direction of Special Agent in Charge Shantelle P. Kitchen; and Region 3 U.S. Trustee Roberta DeAngelis and the Newark office of the U.S. Trustee, with the investigation which led to today’s indictment.

The way the feds are throwing the book at them they look like the Sopranos. They have been charged with “conspiracy to commit mail and wire fraud, bank fraud, making false statements on loan applications and bankruptcy fraud.” Those are major mob charges.

Basically, they tried to swindle lenders into giving them money by claiming they were employed and making “substantial salaries” at a time when they were either unemployed or not making the money the claimed.

Is NJ Housewife Teresa Guiduce Throwing Hubbie Joe Under Bus?

“Everyone has an obligation to tell the truth when dealing with the courts, paying their taxes and applying for loans or mortgages. That’s reality,” said U.S. Attorney Paul J. Fishman said. Ouch!

Among other actions, the indictment alleges eresa Giudice applied in Sept. 2001 for a mortgage loan of $121,500, claimed on loan forms that she was employed as an executive assistant. She also submitted fake W-2 Forms and fake paystubs.

The couple filed a widely publicized bankruptcy petition in 2009 during which they hid susbtantial assets, including Teresa Giudice’s real income from her Bravo television show, according to the indictment. Giudice was in line to get a raise for season two of the reality show.

If the couple is convicted they’ll be filming Real Housewives from the Big House. They both face up to 20 years in jail and more than $1 million in fines.