Teresa and Joe Giudice’s lavish lifestyle was all smoke and mirrors

Joe-and-Teresa-Giudice-court

After getting busted on fraud charges it wasn’t too hard to determine that the public front of wealth and luxury that Teresa and Joe Giudice of Real Housewives of New Jersey fame put forth wasn’t genuine.

Newly uncovered court docs from their bankruptcy filings highlight just how unreal the reality stars’ supposed reality was.

Here’s a breakdown via the docs obtained by TMZ:

-> The couple has a $1.7 million house with only $140K in equity. They also have 2 additional properties in which they have zero equity.

-> The toys:  They have a Ford 350, a Maserati and an Escalade in which they have zero equity.

-> They listed their dogs at a value of $600 but the bankruptcy trustee disagreed arguing that the pups were worthless.

All in all the Giudices erased more than $13 million in debt while paying $7,500 to creditors in the filing.

Smoke and mirrors y’all…


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