Giudice Residence Raided By Feds, Cash And Kids’ Christmas Gifts Seized

Teresa Giudice and her husband, Joe, are looking to serve out their prison sentences after having been found guilty on numerous fraud charges. Now, their Christmas just got a whole lot worse as their family home was raided by federal agents this week, who seized property, including cash and even Christmas gifts.

An inside source told Radar Online, “Plasma televisions, expensive jewelry, cash, and even the kids’ Christmas presents were taken. Teresa was home and was absolutely stunned by the raid. She had no clue they were coming. She was absolutely hysterical, and begging them not to take the girls’ Christmas presents.”

Unfortunately for her, Teresa’s pleas to the agents fell on deaf ears, and things went from bad to worse when the feds found a stash of cash in the wine cellar.

The surprise raid comes after the Real Housewives of New Jersey couple failed to “submit any payment plan for the outstanding $214,000 they owe in restitution,” the insider said. “As such, prosecutors were eager to get the property seized.”

The source added that the Giudice residence will most likely be sold off, with the proceeds of the sale being put into a trust account, “The property will now be auctioned off with the money going into a trust account. If there is any money left over, it would go to paying creditors in their bankruptcy, in which they owe $14.3 million,” the source revealed.

Apparently, the situation would not have arisen, according to the source, if Teresa would have submitted a reasonable payment plan.

“This all could have been avoided if Teresa had simply submitted a proposed plan to pay off the restitution. Yet, Teresa chose to once again thumb her nose at the law, and was ignoring it.”

Sadly, Teresa and Joe are not the only victims here, as their children are drawn into the situation facing the family.

The source added, “She is absolutely devastated that there won’t be any Christmas presents for their girls.”