The controversial couple was just slapped with two additional fraud charges of bank fraud and loan application fraud, and RadarOnline.com has exclusively obtained the court documents.
Originally indicted on 39 counts on July 29, the ante was upped on Nov. 18 to 41 counts with the new charges stemming from a $361,250 mortgage loan that Teresa obtained in 2005 in which Joe allegedly falsely stated that Teresa was employed as a realtor with a monthly salary of $15,000.
Teresa was in fact unemployed at the time, prosecutors believe.
Each of the new charges carry a maximum penalty of 30 years in prison and a $1 million fine.
The court documents obtained by Radar state that Joe and Teresa “did knowingly and intentionally conspire and agree with each other and others to devise a scheme and artifice to defraud Lenders and to obtain money from the Lenders by means of materially false and fraudulent pretenses, representations, and promises…”
Joe and Teresa will appear before U.S. District Judge Esther Salas in a Newark, New Jersey, court for arraignment on their new charges at 10:30 a.m. On Nov. 20.