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Todd and Julie Chrisley Guilty of Bank Fraud and Tax Evasion, May Face 30 Years in Prison

Todd and Julie Chrisley, stars of the reality television show “Chrisley Knows Best,” were found guilty Tuesday in Atlanta on federal charges including bank fraud and tax evasion. The husband-and-wife duo await sentencing and are currently free on bond. Read on to learn more.

Facing Up to 30 Years in Prison…

The husband-wife duo Todd and Julie Chrisley, best known for the reality television show “Chrisley Knows Best” were convicted on multiple counts of federal bank fraud and tax evasion charges on Tuesday (7 June) by a federal jury in downtown Atlanta.

The federal prosecutors charged the star couple with conspiracy to commit bank fraud, conspiracy to defraud the United States and tax fraud. Julie is further charged with wire fraud and obstruction of justice.

The husband-wife duo is alleged to have defrauded local banks of at least $30 million in loans. Prosecuting attorney Annalise Peters stated that the couple also actively hid millions they made from Chrisley Knows Best.

The reality TV couple is further accused of walking away from more than $20 million they owe by filing bankruptcy. The Chrisleys’ tax evasion is said to extend back as far as 2009, and after the show began in 2014, they are accused of using their 7C’s Productions to evade taxes.

While the Chrisleys were earning millions and evading paying Todd Chrisley’s delinquent back taxes, they also failed to file tax returns or pay any taxes for the 2013, 2014, 2015, and 2016 tax years. This case is being investigated by the FBI and IRS Criminal Investigation. Assistant U.S. Attorneys Thomas J. Krepp and Annalise K. Peters are prosecuting the case.

About “Chrisley Knows Best”

Chrisley Knows Best is an American reality television series airing on the USA Network. It premiered on March 11, 2014, and a 10th season is scheduled to begin in June 2022. It revolves around the lives of Georgia real estate tycoon Todd Chrisley and his wealthy family.

The show formerly took place in Roswell and Alpharetta, both near Atlanta, before moving primarily to Nashville, Tennessee, during the fourth season. Growing Up Chrisley, a spin-off focusing on Chase and Savannah Chrisley, premiered in 2019.

The series showcases multimillionaire real estate developer and entrepreneur Todd Chrisley, his wife Julie, and their children as a picture-perfect Southern clan who have everything money can buy.

However, behind their over-the-top lifestyle,  lies a real family with real problems and major drama. Todd Chrisley runs his life like he runs his business — with an iron fist — and doesn’t care who he upsets in the process. He is a major control freak who micro-manages every move of his family.

When the Chrisleys were first indicted in 2019, tax attorney Dawn Delia revealed the consequences the couple could face if convicted of the alleged crimes. At the time, Delia explained that if the case does go to trial and the jury ruled in favour of the government, “the IRS can grab everything that they have to fulfil the debt.”

She noted that “the IRS moves [the charges] from administrative to a criminal when it’s a very serious case,” which is what they are facing. She added, “If it does come out that the jury agrees,” Todd and Julie could “could face up to five years in prison for tax evasion” and possibly even more.

The husband and wife face up to 30 years in prison per the Atlanta Journal-Constitution. Bruce Morris, an attorney for Todd Chrisley, told EW in a statement that they were “disappointed in the verdict” and plan to file an appeal. Sentencing is set for October 6 at 9:30 a.m. ET.

Mallika
I am Mallika Singh, a lawyer and writer by profession. Writing gives me a sense of freedom and independence. I am a keen observer and an ardent reader. When not at work, you can find me at the stable. Horse riding is another passion that keeps me going.
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