Teresa and Joe Giudice Arrange a Plea Deal

Posted Sunday March 2, 2014 10:10 AM GMT

Hitting their court hearing with a game-changing play, "Real Housewives of New Jersey" stars Joe and Teresa Giudice are set to plead guilty to several charges in their fraud and tax indictment.

A source close to the couple told Us Weekly that, "Teresa and Joe Giudice have arranged a plea agreement with prosecutors in their federal case," adding that, "The couple will plead guilty to several but not all 41 of the charges, and both will appear in court on Tuesday with their lawyers."

The plea deal will occur on March 4th, and punishments will then be determined, as the source added, "Probation, fines, and or jail time are still all options on the table."

Charged in July 2013 of conspiracy to commit mail, wire, bank and bankruptcy fraud, 41-year-old Teresa and 43-year-old Joe have also been charged with making false statements on loan applications, and the source concluded, saying, "Reports that Teresa and Joe have agreed to a deal that involves set definitions of fines, jail time or probation are inaccurate,"

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