Real Housewives of New Jersey couple Teresa and Giuseppe “Joe” Giudice have been indicted on federal charges of bank and bankruptcy fraud, U.S. Attorney Paul J. Fishman announced.

On Monday the couple was charged with a 39-count indictment with conspiracy to commit mail and wire fraud, bank fraud, making false statements on loan applications and bankruptcy fraud, according to Huffington Post.

The fraud was reportedly committed between September 2001 and September 2008. During that time, Teresa and Joe allegedly submitted fraudulent mortgage and loan applications.

The Giudices are also accused of hiding their assets during their 2009 bankruptcy petition. They filed for Chapter 7 in October 2009 and failed to disclose accurate information about their businesses, rental properties and Teresa’s Real Housewives of New Jersey salary. Also, Joe failed to file tax returns from 2004 to 2008.

All of these charges combined have the maximum sentence of over 50 years in prison.

“The privilege of living well in the United States carries certain real responsibilities, including filing tax returns when required and paying the correct amount of tax,” said Shantelle P. Kitchen, special agent in charge of the IRS-Criminal Investigation’s Newark Field Office. “Today’s indictment alleges the Giudices did not live up to their responsibilities by failing to file tax returns, falsifying loan applications and concealing assets in their bankruptcy petition. The reality is that this type of criminal conduct will not go undetected and individuals who engage in this type of financial fraud should know they will be held accountable.”

The Giudices have been featured on Real Housewives of New Jersey since the series premiered in 2009. OK! Magazine reported Teresa rakes in more than $650,000 per season from Bravo.

“Today is a most difficult day for our family. I support Joe and, as a wonderful husband and father, I know he wants only the best for our lovely daughters and me,” Teresa said in a statement to Entertainment Weekly, “I am committed to my family and intend to maintain our lives in the best way possible, which includes continuing my career. As a result, I am hopeful that we will resolve this matter with the Government as quickly as possible.”