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Teresa, Joe Giudice to Plead in Alleged Fraud Case: Source

A sentencing date will be set at the plea hearing, with the source adding, "a lot can happen between the two."

By Brandi Fowler and Beth Sobol
|  Tuesday, Mar 4, 2014  |  Updated 9:42 AM EDT
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Teresa and Joe Giudice are gearing up for a major court appearance.

The "Real Housewives of New Jersey" stars are set to plead to charges in their 41-count indictment on alleged fraud and tax charges Tuesday in Newark, E! News has confirmed.

As for as reports that the outcome of their plea will yield probation for Teresa Giudice, a minimum of five years in prison for Joe Giudice and $11 million in restitution, a source said that is not true.

"It would be impossible to determine the sentencing at this point," the source said. "No one has any idea what the fine or sentence will be prior to a hearing."

A sentencing date will be set at the plea hearing, with the source adding, "a lot can happen between the two."

NEWS: Teresa Giudice talks 41-count indictment as her 13-year-old daughter Gia tweets a gay slur

The reality stars are accused of engaging in mail and wire fraud, bank fraud and bankruptcy fraud from 2001 to 2011. Court documents also allege that Joe Giudice failed to submit tax returns from 2004 to 2008, and they allegedly obtained more than $5 million in bank loans due to fraudulent and falsified paperwork.

Last month, Teresa Giudice talked about the allegations, telling ABC News, "I can't just be upset and crawl up in a ball and just go in a room and -- and lock the door. I can't. I'm a mom. I have four daughters." When asked what she knows about the allegations, she continued, "I would love to answer all your questions, and one day I will. But, you know, out of respect of the process, I'm going to let, you know, the legal matters play out in court."

At the time, the Giudices pleaded not guilty, and at the request of their lawyers, have asked to be tried separately.

If convicted, they could each face up to 30 years in prison. Joe Giudice, who was born in Italy and isn't a U.S. citizen, could be deported.

PHOTOS: Take a look at the OMG moments from the Real Housewives of New Jersey

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