Don’t say that reality TV never taught you anything. Like much of television-obsessed America, I’ve watched the trial of Joe and Teresa Giudice with great interest. “The Real Housewives of New Jersey” stars were accused of an entire slew of financial crimes, from mortgage fraud to tax fraud. Unfortunately, these are not even the first legal woes to befall “The Real Housewives” families.
A closer look reveals a pattern to their financial demise. And, while it’s certainly not the main reason viewers tune into the shows, they can learn a thing or two about money by watching the financial train wrecks that have occurred in New York, Orange County, Los Angeles, Atlanta, and New Jersey.