Financial trouble just seems to keep finding the Real Housewife of New Jersey
stars. This time it's Jacqueline Laurita
and her husband Christopher Laurita
that find themselves slapped with a $7.8 million against their clothing company. Radaronline
is reporting that Jacqueline, Chris and Chris' brother, Joseph Laurita, are all being sued for mismanaging their formerly profitable company, Signature Apparel Company in New York City, for their own personal gain.
Chris and Joseph Laurita started the business together back in 2005 apparently to support their own luxurious lifestyle by improperly using money. Signature Apparel Company made the Laurita brothers more than $250 million between 2005 and 2009. According to court documents, the business partners ended up laundering approximately $7,804,227.
The company went under in August, 2010 and two months later the family declared bankruptcy. By November, the lawsuit was filed with the following complaint:
"The Laurita brothers soon drained the Company of all its funds and assets in order to support their families' increasingly opulent lifestyle of private jets, limousines, extravagant parties, premium automobiles, designer clothing, ostentatious home furnishings and lavish vacations. Signature's assets were misused to make outright and unjustified payments to Laurita family members, and to fund the operations of the Laurita brothers' other companies and business ventures."
Although the complaint continues on to assert that Jacqueline did have knowledge of the illegal activity, in March, 2011, she and Chris filed an answer to the complaint saying that she "lacks knowledge or information sufficient to form a belief as to the truth of the allegations of the First Amended Complaint."
As for Chris and Joseph, they denied most of the other 155 allegations made against them.
This isn't the first time Jacqueline's been connected to illegal activity. In August, her ex-husband Matt Holmes (the father of her daughter Ashlee Holmes) and his wife were arrested for arson, insurance fraud and money laundering in Texas.
Hope there's plenty of room on that ostentatious mantle for mug shot photos.