On TV they live large — in a 10,000-square-foot McMansion full of garish baubles and expensive toys in an ode to the bad taste and excessive spending that has made “The Real Housewives of New Jersey” a Bravo hit.
It’s the lifestyle Joe and Teresa Giudice — who grew up together as working-class Italian-American kids — always hungered for but could never truly afford, sources said, even when they convinced themselves and everyone around them they could.
The Giudices’ shaky facade of massive personal wealth — increasingly fragile since a 2009 Chapter 7 bankruptcy filing — finally imploded in a spectacular way last week when they were hit with a 39-count criminal fraud indictment.
The federal charges range from allegations that the two conspired to forge W-2 forms, tax returns, pay stubs and other documents to trick banks into lending them money, to accusations of perjury and false statements in their bankruptcy proceedings.
This won’t do the reputation of McMansions any good. See the picture of the Giudice’s home about halfway through the news story: it looks like everything McMansion critics would hate including a large wrought-iron fence and gate, an elaborate front door, a roof that looks like a castle, and plenty of rooms. Yet, critics would like the symbolism: the home may have been impressive on the outside or looked good on TV but ultimately, it literally all a fraud.
So if and when they lose the home, who is going to buy it?