Todd and Julie Chrisley were once best known as the loving parents on USA Network’s hit series “Chrisley Knows Best,” but it all came crashing down when they were found guilty on multiple counts of fraud and tax evasion.
Despite branding themselves (and the show) on their “Southern values”, according to prosecutors, the pair allegedly engaged in a “15-year fraud spree” in which they defrauded banks of more than $30 million in fraudulent loans. Cheated. Todd was sentenced to 12 years in prison and 16 months’ probation, while Julie was given a seven-year prison sentence and 16 months’ probation.
Still, the reality star is claiming innocence – because someone else was in charge of her finances.
“The Chrisleys have built an empire based on the lie that their wealth came from dedication and hard work,” prosecutors wrote in a sentencing memo, per Variety. “The jury’s unanimous verdict sets the record straight: Todd and Julie Chrisley are career swindlers who made a fortune by jumping from one fraud scheme to another, lying to banks, swindling vendors, and evading taxes at every corner.” lived for.”
Who are Todd and Julie Chrisley and what happened?
Todd and Julie Chrisley first graced the small screen in 2014 with their cast of 6: Lindsey Chrisley, 33, Kyle Chrisley, 31, Chase Chrisley, 26, Savannah Chrisley, 25, and Grayson, 16, and granddaughters Chloe, 10, (he has full custody).
With their Keeping Up with the Kardashians-style show full of family hijinks and country glamour, the family worked their way to reality TV star fame with several spin-off business ventures, such as their “Chrisley’s Confessions” podcast.
But when the patriarch of the family revealed to the audience that he was a real estate tycoon from Georgia who was raising his children as best he could, the prophets claimed that he had illegally acquired millions during this time and Paid taxes to fund his lavish lifestyle.
According to prosecutors, the parents falsified documents to obtain more than $30 million in bank loans, and when they could not pay back the loans, they filed for bankruptcy in 2012, per se. After the bankruptcy, Todd walked away with $20 million of the fraudulently obtained loans, which were spent on “luxury cars, designer clothing, real estate and travel,” the US Attorney’s Office for the Northern District of Georgia said in a press release. Told.
Additionally, he was accused of attempting to defraud the IRS after not filing taxes from 2013 to 2016. Her accountant, Peter Tarantino, was convicted of filing false corporate tax returns on behalf of Julie’s corporate bank account, which was created to hide money from Julie’s corporate bank account. IRS. Along with the Chrisley family, Tarantino was sentenced to three years in prison and three years of supervised release.
The parents were indicted on federal tax evasion charges in 2019, according to USA Today, but despite maintaining their innocence, were found guilty after a jury trial in June. Todd was convicted of bank fraud, bank fraud, conspiracy to defraud the United States, and conspiracy to commit tax fraud, while Julie was convicted of bank fraud, bank fraud, conspiracy to defraud the United States, tax fraud and The wiring was to blame. Danger.
Following his guilty verdict, he was released on his existing bond and ordered to participate in a home detention program while awaiting sentencing.
Where are Todd and Julie Chrisley now and what does this mean for their family?
After serving their lengthy prison terms, Todd and Julie Chrisley are still claiming their innocence in the scandal, and they plan to fight the ruling, according to their attorney, Alex Little of Burr & Forman LLP.
“Todd and Julie are people of faith, and that faith gives them strength as they appeal their convictions,” the attorney said in a statement to CNN. the road ahead.”
According to The New York Times, he is expected to report to prison on January 1, 2023, despite his plan to appeal against the judge’s decision.
In her parent’s absence, daughter Savannah could get custody of two Chrisley minors, 16-year-old Grayson and 10-year-old granddaughter Chloe, she said on her “Unlocked” podcast hours before the sentences were announced.
A source told The US Sun that the children are reportedly struggling with the decision, with Greyson “handling it in the worst possible way”. Just days before the sentencing was announced, Greyson was involved in a car accident and was hospitalized for his injuries, but has since returned home.
As for the fate of family TV shows, Deadline reports that the show was canceled after nine seasons and two guilty verdicts, in addition to their spin-off series “Growing Up Chrisley.” This news has not been officially confirmed.
What is the Net Worth of Todd and Julie Chrisley?
While the Chrisley family must pay restitution, which will be determined at a later date, his reported net worth is only a fraction of the millions he is owed.
According to Celebrity Net Worth, Todd has a net worth of $1.5 million. Additionally, he has a 30,000-square-foot home and spends $300,000 a year on clothes. Julie has a net worth of $1.5 million.