Teresa And Joe Giudice Fraud Update: The Guidice couple are looking extremely scared and frail these days, and for extremely good reasons. Joe and Teresa are both facing 41 counts of fraud brought on by the feds. They soon will face the most important verdict of their lives; one that will determine how many years they will spend in jail, away from their four children. As a devoted mother,  I'm surprised Teresa hasn't had a total mental breakdown by now.

Though Teresa Giudice puts on a brave face for teh cameras, she has previously admitted on the RHONJ reunion that she cries herself to sleep just thinking about the fraud charges and the future of her family.  But on the flip side, Teresa looked strong and ready to fight the legal battle. But that strength has vanished.  Both Teresa and her husband look completely defeated. According to OK! Magazine, an insider watched Tre and Joe arrive in court, and they did not look well. The insider said:

"Teresa walked in first and she looked scared to death. She didn't sit next to Joe--she sat between two attorneys--and she seemed terrified, almost to the point that she wasn't mentally there. After several moments, [Joe] started to look extremely worried. He kept whispering to his attorney and spinning in his chair. And he looked like he hadn't slept all night."

Teresa is accused of 41 counts of fraud.  Her two newest charges alone could put Teresa in jail for a maximim of 30 years. They stem from allegations that she filed a false application int order to receive a $361k mortgage loan. She claimed she was a realtor making $15K per month, which we all know is not true. Did she know what she was doing when she signed the application? Maybe not. But it is still a federal offense.

Her fraud problems are beyond serious, and she and husband Joe will definitley serve time behind bars leaving their four little girls behind. 

Ex prosecutor Nancy Grace agrees and says the reality couple should not have messed with the feds and their money. The HLN host added:

"I think they were in it together and you know what? You can get away with shoplifting, maybe stealing a car but don't mess with the feds when it comes to money. Never mess with the tax man. Never mess with the feds alright? They have no mercy. I predict they're going down. Much as Martha Stewart was used I think they will be used as an example to other people."

 Grace is absolutely positive that Joe is going to prison and surprisingly was sure that Teresa was 'going down' too saying that Teresa is  just as guilty as her husband. The RHONJ couple are to arrive in court in February to face their sentence on the fraud charges.  

In case you didn't know, Teresa and her husband  are facing a multitude of very serious charges which can result in a 50 year prison sentence each.

Below is a summary of their previous charges:

1) Mail Fraud and Wire Fraud: The indictment states that between 2001-2008, using the U.S. mail, private carriers and wire communications, they defrauded 7 different banks and mortgage lenders.

2) Bank Fraud: The indictment states 5 banks were defrauded by submitting applications with false tax returns, pay stubs, and W-2s that gave false salaries and income. In total they stole $4.5 million from various banks.

3) Loan Application Fraud: For making false statements in those bank loan applications

4) Bankruptcy Fraud: Concealment, False Oaths, False Declarations. These are 22 different counts alone. In essence, they lied to the BK courts (under oath) about their finances and they knowingly filed false documents to conceal their income. That's perjury. Tre & Joe never withdrew their bankruptcy, the courts denied their petition on suspicion of fraud.

5) Failure to Make Tax Returns: These counts are all against Joe, and claim he didn't file tax returns from 2004-2008.

Joe Giudice, whose real first name is Giuseppe, is an Italian citizen. Thus, he could face deportation if he is convicted.

Joe Giudice, 43, was released on a $500,000 bond secured by his father, Frank. Teresa Giudice, 41, was released on a $500,000 unsecured bond.

The duo also had their travel restricted to New Jersey and New York and had to surrender their passports.

The pattern of alleged fraud may have lasted a decade, ," U.S. Attorney Paul Fishman said.

"They're serious charges," he said.

 "They are alleged to have made false statements to the bankruptcy court and the banks that lent them money," Fishman told press.

In a statement, Teresa Giudice discussed the charges.

On Watch What Heppens Live Teresa adds that "I can't fall apart. I have my daughters. They mean the world to me."

For the sake of their daughters, we hope the outcome is positive. But the truth is, it doesn't look good for Tre and Joe.