Couple Mark D'Amico, and his partner Kate McClure will face charges including conspiracy and theft by deception.
Along with Johnny Bobbit, the homeless man who went viral after McClure claimed that Bobbitt gave her his last $20 when she ran out of gas on an Interstate 95 exit ramp in Philadelphia last October.
According to reports, Bobbitt allegedly conspired with the New Jersey couple by making up the story to scam more than 14,000 donors into giving them $400,000 on GoFundMe.
According to NBC News, the three deliberately prevented donors for their GoFundMe campaign from gaining information "that would affect their judgment about solicited contribution to that fundraising effort."
D'Amico and McClure turned themselves into Burlington County prosecutors.
Brows were raised when Bobbitt accused the couple of "dipping into the funds" and using them as a "personal piggy bank." He then later sued the couple over mismanagement of the funds.
The couple disputed the claims and pointed the finger at Bobbitt saying that he had mismanaged the funds by spending $25,000 in less than two weeks on drugs, overdue legal bills and sending money to family. The suit led to a police raid on their home back in September.
Police seized a new BMW on a flatbed truck, personal and business financial statements and along with jewelry and cash.