Margaret Josephs The Real Housewives of New Jersey - RHONJ

Money Woes: Margaret Josephs Gets Sued For $200,000; Plus Owes The IRS $200,000

The Real Housewives of New Jersey star, Margaret Josephs, is being sued for $200,000 dollars! According to Radar Online and sources, Margaret was hit with a lawsuit for the cash. According to sources, her friends Lori Ann and John Wayne Sigley claim they loaned Margaret and her husband, Joseph Benigno, the $200,000 in cash. The agreement was to pay it back in a year. However; they are claiming that it’s actually been 16 months and they say they haven’t received the money. Apparently money woes are growing in the Garden State right now.

According to court documents, “On or around September 23, 2016, Defendants each executed a Promissory Note in favor of Plaintiffs as consideration for and to secure a loan from Plaintiffs to Defendants in the principal amount of $200,000, plus interest at a rate of 6% per annum. Under the Promissory Note, payment of any outstanding amounts including interest was due on September 23, 2017.” 

The friends are saying that they asked the Powerhouse in Pigtails for the money but didn’t receive it. The lawsuit states, “Written demand for payment has been made since September 23, 2017, including but not limited to a Notice of Default and Demand for Payment by letter dated November 30, 2018; however, to date no payments have been made, and Defendants remain in default of the loan.” Not only does Margaret have to deal with these money woes, her home that is shown on the RHONJ may be in jeopardy now!

The lawsuit states, “Pursuant to the Promissory Note, the Loan is a ‘mortgage loan’ and is secured by collateral consisting of real property.” They’re asking a judge to take action for, “An equitable lien in Plaintiffs favor on, and granting the Plaintiffs a security interest in, the real property.” Not only does she have this lawsuit to worry about, she allegedly owes the IRS $200,000 in back taxes. According to the court for Bergen County, Margaret still owes those federal taxes.

Oh no! Hopefully Margaret gets everything sorted out. This sounds super stressful, it seems like reality stars are always getting into these financial situations. On top of the RHONJ drama, fuhgeddaboudit! I’m excited for the RHONJ reunion. I have a feeling it’s going to be a good one!

Thoughts on this all? Thoughts on this season? Sound off below!

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About the author

Katie Gray

Katie is a NYC based writer and celebrity interviewer, who joined the All About TRH team in November of 2017. She’s a huge fan of all things Real Housewives and Mob Wives. Katie loves Coney Island, Coca-Cola and cheap thrills. Beyond blogging; Katie enjoys music, film, fashion and photography.

Email: katie@allabouttrh.com | Phone: (248) 436-1663 Ext. 3 | "Write to Katie": AllaboutTRH.com Attn: Katie 3160 Ridgeway Ct. Commerce Twp., MI 48390