Dr. Wendy Osefo and Husband Arrested on Felony Fraud Charges

The Real Housewives of Potomac cast member Dr. Wendy Osefo and her husband Eddie have been arrested on felony fraud charges in Maryland after Wendy was spotted wearing a diamond ring on social media that she reported stolen to her insurance company, setting off an investigation...

From TMZ

According to documents obtained by TMZ, "The Real Housewives of Potomac" star is facing 16 charges -- including 7 felonies, for allegedly making false/misleading info fraud in excess of $300. She's also facing one misdemeanor count of making a false statement to an officer.

The couple was booked Thursday night in Westminster, Maryland.

Here's the deal ... police say the couple reported a burglary in April last year ... the couple claimed they found their bedroom ransacked after returning from a trip to Jamaica. We told you about that incident at the time.

According to the prosecution's bail recommendation documents obtained by TMZ ... the couple reportedly told police several designer bags and jewelry had been stolen -- but get this ... Carroll County sheriff's deputies allege Wendy was later seen in a social media post wearing a diamond ring she reported stolen!

Additionally, an investigation determined numerous items the Osefos claimed were stolen had been purchased, then returned to the store "where a full refund was provided prior to the alleged burglary." The documents indicate the couple had claimed a $450,000 personal property loss to an insurance company.

Wendy Osefo has been on the show since Season 5 ... she's a college professor of education -- teaching at Johns Hopkins University -- and a contributor to The Hill and MSNBC. She has degrees from Temple University, Johns Hopkins, and a Ph.D. in public affairs and community development from Rutgers.