Todd and Julie Chrisley sentenced for bank fraud, tax evasion

Reality TV stars Todd and Julie Chrisley were sentenced on Monday to lengthy prison terms after pleading guilty earlier this year to charges including bank fraud and tax evasion.

U.S. District Judge Eleanor Ross in Atlanta sentenced Todd Chrisley to 12 years in prison, while Julie Chrisley received seven years, according to the US Attorney’s Office in Atlanta. Each is to be released on three years’ supervision afterward, and Ross also ordered them to pay restitution in an amount to be determined later.

“The Chrisleys have built an empire based on the falsehood 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 made a fortune by jumping from one fraud scheme to another, lying to banks, swindling vendors, and evading taxes at every corner.” lived for.”

federal prosecutors had last state that the couple should each be given a prison sentence of no more than ten years.

“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.”

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

USA Network/NBCU Photo Bank via Getty Images

The Chrisley couple rose to fame with their show “Chrisley Knows Best,” which followed their tight-knit, boisterous family. Federal prosecutors said the couple engaged in an elaborate bank fraud scheme and then hid their wealth from tax authorities while flaunting their lavish lifestyle.

Todd Chrisley’s attorneys argued in a court filing that he should face no more than nine years in prison. Julie Chrisley’s attorneys said an appropriate sentence for her would be probation with special conditions and no jail time.

The Chrisley family was indicted in June on charges of conspiracy to commit bank fraud, tax evasion and defraud the IRS. Julie Chrisley was also convicted of wire fraud and obstruction of justice. one in Podcast episode released shortly after His convict, Todd Chrisley, said it was a “heartbreaking time” for his family.

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.

“The Chrisleys are unique given the diverse and broad scope of their fraudulent conduct and the extent to which they engaged in fraudulent and obstructive behavior over a long period of time,” prosecutors said.

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

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

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.

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 walk-in closet in his huge house, he bragged that ‘in a year, we probably spend over $300,000 on clothes, sometimes more ‘”

The Chrisley family has three children and Todd Chrisley’s son has full custody of his 10-year-old daughter from his former marriage. One of the couple’s children was 16-year-old Grayson Chrisley. hospitalized earlier this month After a car accident on 12 November.

According to a report from the Metropolitan Nashville Police Department that was obtained by CBS News, Grayson Chrisley rear-ended another vehicle on Interstate 65. The driver of the other vehicle suffered injuries but refused to be taken by an ambulance at the time of the accident. According to the department, Chrisley was “unable to remember anything from the accident, possibly because of the head injuries”. He was taken to the hospital by ambulance.

Although the accident happened more than a week ago, the accident didn’t make headlines until this week, when TMZ first reported it.

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