Teresa Giudice's husband Joe would be willing to take the fall in order for Teresa to be there for their children, according to the latest reports.
"Joe is more than willing to take the fall for Teresa so that she stays out of jail. Teresa is hopeful that she could do house arrest instead of jail time," a source told Radar Online.
However, rumor has it that the United States Attorney's Office has a strong case against both of them and is intending on jail time for the couple.
"Plea talks between the United States Attorney's Office and Teresa and Joe's lawyers haven't formally begun yet, but prosecutors are insisting that both of them do time behind bars," the source added. "The government has a very, very strong case against the Giudices and wants to make an example of them. The Giudices will also be facing serious, significant financial penalties."
The reality couple has been accused of exaggerating income when applying for loans and not disclosing full income amounts when applying for bankruptcy after they appeared on the "Real Housewives" reality show in 2009. Both husband, 43, and wife, 41, face a 39-count indictment, according to reports.
In 2009 the couple filed for bankruptcy claiming over $10 million worth of debt. In an interview just after the filing, Teresa Giudice said on "The View" that she and her husband had run into trouble because tenants living in homes rented out by her husband had failed to pay rent in a downturned economy. The indictment includes conspiracy to commit mail and wire fraud, bank fraud, making false statements on loan applications and bankruptcy fraud.
In addition, Joe Giudice also faces penalties for failing to file tax returns from 2004-2008, making false claims about employments status and salaries. During that time he is alleged to have earned nearly $1 million.