Reality television stars Todd and Julie Chrisley could be sentenced to more than a decade in prisonearlier this year. In a sentencing memorandum, federal prosecutors suggested that Todd Chrisley be sentenced to 17 1/2 to about 22 years in prison and Julie Chrisley to 10 to 12 1/2 years in prison.
Prosecutors argued that Chrysalis deserved a more severe sentence because evidence showed that many of his crimes were more serious than previously believed. He said the couple “engaged in a protracted conspiracy to defraud community banks out of millions of dollars.”
“A message must be sent to Chrysalis and others that tax evasion is a serious crime, and that wealthy tax cheaters who use personal companies to avoid paying taxes face substantial prison sentences,” prosecutors said. have to do it.” “Finally, Todd and Julie Chrisley’s arrogance deserves special attention.”
Prosecutors argued that “most tax cheaters try to keep a low profile while avoiding detection from the IRS,” Chrysalis did the opposite.
In 2013, while Todd was in the midst of bankruptcy proceedings, the Chrisley family filmed a promotional video for their new reality show about their extravagant lifestyle. In the video, Todd claimed that he ‘makes[s] Millions of dollars a year,’ and in another shot where he’s standing in his walkin closet in his huge house, he bragged that ‘in a year, we probably spend over $300,000 on clothes, sometimes more.’ “
Couple, who appeared on “Chrisley Knows Best” and several other reality television showsin 12 cases including tax evasion, conspiracy, bank fraud and wire fraud in 2019. He was found guilty earlier this year.
US Attorney Ryan K. Buchanan said in a June 2022 press release that Todd and Julie Chrisley conspired in 2014 to defraud community banks in the Atlanta area to obtain more than $30 million in personal loans prior to the launch of their first television show. and that his former business partner presented false documents to obtain the loan, and then spent the money on cars, clothing, real estate, and travel. Buchanan said that he used the new loan to pay off the old one.
Todd Chrisley filed for bankruptcy and was able to walk away with over $20 million in debt. According to Buchanan, while he claimed he was bankrupt, he and his family were making millions of dollars from his TV show. The Chrisleys were operating a loan-out company, typically used by entertainment professionals, and earned money from their shows and other entertainment ventures.
When the IRS sought information about his bank accounts, he transferred the corporate account of his loan-out company to Todd Chrisley’s mother in an attempt to hide from the IRS. Buchanan said, however, that Todd Chrisley was still operating the lending company behind the scenes.
Buchanan said Chrysalis failed to file tax returns or pay any taxes in 2013, 2014, 2015 and 2016. Speaking on a radio show, Todd Chrisley claimed that he paid $750,000 to $1 million in federal income taxes each year. However, he had not paid in years.
The couple’s accountant, Peter Tarantino, was also found guilty of conspiracy to defraud the IRS and filing two false corporate tax returns on behalf of the Chrisleys company. On those tax returns, he falsely claimed that his company made no money and made no distributions in 2015 and 2016.
In this week’s sentencing memo, prosecutors said the couple’s “crimes cannot be overstated.”
“The seriousness of their actions is further underscored by the fact that neither defendant has expressed remorse for his crimes, but continues to blame others for his own criminal conduct,” he said. “Given the seriousness of Chrisley’s crimes, a longer term of imprisonment is warranted.”
The counsel for Chrysalis submitted a memorandum suggesting that the range of punishment should be much less – between 8 and 9 months. CBS News has reached out to his attorney for further comment and awaits a response.
Several positive character assessments were presented with his memoir about the Chrisley family.
“Most people don’t get the opportunity to see and get to know Todd,” wrote Jill Palilla, the family’s personal assistant/house manager and former housekeeper. “They don’t know about the kindness he extended to me, my family and others. They don’t see him leading his family in prayer at the dinner table every night, they don’t see him crying tears of mercy.” Don’t see shedding.” He sees others in pain.”
“I have always known her as a caring friend and devoted advocate for all,” wrote fellow reality star Kandi Burruss-Tucker, who stars on “The Real Housewives of Atlanta.” “You can see the love he has for his family, but the admirable role he played as a caregiver to his granddaughter, Chloe, represents that he is outside the tough but comedic persona that people see.” “
Todd Chrisley’s attorney argued that many people who rely on him “will be seriously and negatively affected when he is sentenced to prison,” particularly his elderly mother.