Todd and Julie Chrisley sentenced for bank fraud, tax evasion

Reality TV stars Todd and Julie Chrisley have been sentenced Monday to prolonged jail phrases after being convicted earlier this year on costs together with bank fraud and tax evasion.

U.S. District Judge Eleanor Ross in Atlanta gave Todd Chrisley 12 years in jail, whereas Julie Chrisley received seven years behind bars, in line with the U.S. legal professional’s office in Atlanta. Each is to serve three years supervised launch afterward, and Ross additionally ordered them to pay restitution in an quantity to be decided later.

“The Chrisleys have built an empire based on the lie that their wealth came from dedication and hard work,” prosecutors wrote. “The jury’s unanimous verdict sets the record straight: Todd and Julie Chrisley are career swindlers who have made a living by jumping from one fraud scheme to another, lying to banks, stiffing vendors, and evading taxes at every corner.”  

Federal prosecutors had beforehand stated that the couple ought to every be sentenced to greater than ten years in jail. 

“A message must be sent to the Chrisleys and others that tax evasion is a serious offense, and that wealthy tax cheats who use personal companies to avoid paying taxes will face a substantial prison sentence,” the prosecutors stated. “Finally, Todd and Julie Chrisley’s arrogance merits special consideration.”

 Pictured on this screengrab: (l-r) Julie Chrisley, Todd Chrisley

USA Network/NBCU Photo Bank through Getty Images  

The Chrisleys gained fame with their present “Chrisley Knows Best,” which follows their tight-knit, boisterous household. Federal prosecutors stated the couple engaged in an in depth bank fraud scheme and then hid their wealth from tax authorities whereas flaunting their lavish life-style. 

Todd Chrisley’s attorneys had argued in a court docket submitting that he shouldn’t face greater than 9 years in jail. Julie Chrisley’s attorneys stated an inexpensive sentence for her could be probation with particular circumstances and no jail time.

The Chrisleys have been convicted in June on costs of bank fraud, tax evasion and conspiring to defraud the IRS. Julie Chrisley was additionally convicted of wire fraud and obstruction of justice. In a podcast episode launched shortly after their convictions, Todd Chrisley stated the it was a “heartbreaking time” for his household. 

U.S. Attorney Ryan Ok. Buchanan stated in a June 2022 press release that Todd and Julie Chrisley conspired to defraud neighborhood banks within the Atlanta space to acquire greater than $30 million in personal loans previous to the launch of their first tv present in 2014. The Chrisleys and their former business associate submitted false paperwork to acquire the loans, and then spent the money on automobiles, garments, actual property and journey. They used new loans to pay again the previous ones, Buchanan stated.

Todd Chrisley filed for chapter and was capable of stroll away from greater than $20 million of the loans. While he claimed he was bankrupt, he and his household have been incomes thousands and thousands of {dollars} from their TV present, in line with Buchanan. The Chrisleys have been working a loan-out company, that are normally utilized by leisure professionals, and earned money from their present and different leisure ventures. 

When the IRS requested for details about their bank accounts, they transferred their loan-out company’s company account to Todd Chrisley’s mom in an effort to cover from the IRS. However, Todd Chrisley was nonetheless working the loan-out company behind the scenes, Buchanan stated.

“The Chrisleys are unique given the varied and wide-ranging scope of their fraudulent conduct and the extent to which they engaged in fraud and obstructive behavior for a prolonged period of time,” prosecutors stated.

Chrisley Knows Best - Season 8
Pictured: (l-r) Faye Chrisley, Chase Chrisley, Todd Chrisley, Savannah Chrisley, Chloe Chrisley, Julie Chrisley and Grayson Chrisley throughout Season Eight of “Chrisley Knows Best.”

Tommy Garcia/USA Network/NBCU Photo Bank through Getty Images

The couple’s accountant, Peter Tarantino, was additionally discovered responsible of conspiring to defraud the IRS and submitting two false company tax returns on behalf of the Chrisleys’ company. 

The prosecutors argued that whereas “most tax cheaters try to keep a low profile while avoiding detection from the IRS,” the Chrisleys did the alternative. 

“In 2013, while Todd was in the midst of bankruptcy proceedings, the Chrisleys filmed a promotional video for their new reality show about their extravagant lifestyle. In the video, Todd boasted that he ‘make[s] millions of dollars a year,’ and in another shot where he is standing in his walk-in closet in his expansive house, he bragged that ‘in a year, we probably spend over $300,000, sometimes more, just on clothing.'”

The Chrisleys have three kids collectively and full custody of the 10-year-old daughter of Todd Chrisley’s son from a previous marriage. One of the couple’s kids, Grayson Chrisley, 16, was hospitalized earlier this month after a automobile accident on Nov. 12.  

According to a report from Metropolitan Nashville Police Department that was obtained by CBS News, Grayson Chrisley rear-ended one other car on Interstate 65. The driver of the opposite car suffered accidents however refused to be transported by ambulance on the time of the accident. Chrisley was “unable to recall anything from the accident, possibly due to a head injury,” in line with the division. He was transported to the hospital by ambulance. 

Although the crash occurred greater than every week in the past, the accident didn’t make headlines till this week, when TMZ first reported on it.   

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