Todd & Julie Chrisley Found Guilty of Bank Fraud and Tax Evasion!

Todd Chrisley and Julie Chrisley, reality program “Chrisley Knows Best stars,” were convicted guilty on federal counts of bank fraud and tax evasion on Tuesday in Atlanta. The Chrisleys were first charged in August of last year, and a second charge was brought in February of this year.

According to the office of U.S. Attorney Ryan Buchanan in Atlanta, their trial began three weeks ago, and a jury convicted them guilty on Tuesday of conspiring to defraud community banks out of more than $30 million in bogus loans. Julie Chrisley was convicted of wire fraud and obstruction of justice, and they were also found guilty of conspiracy to cheat the IRS and tax evasion.

Todd Chrisley’s attorney, Bruce Morris, expressed disappointment with the conviction and stated that he plans to appeal. The Chrisleys allegedly submitted forged paperwork to banks while requesting loans, according to prosecutors. When Julie Chrisley tried to rent a property in California, she allegedly filed a bogus credit report and fake bank records.

Prosecutors claim they utilized a firm they owned to disguise revenue to prevent the IRS from collecting delinquent taxes owed by Todd Chrisley. The Chrisleys were released on bail after being found guilty by U.S. District Judge Eleanor Ross. However, she put them on location monitoring and home detention, which means they can only leave the house for specific reasons such as employment, medical appointments, and court appearances.

According to the order entered Tuesday, they must also notify their probation officials if they spend more than $1,000. According to the United States Attorney’s Office in Atlanta, Peter Tarantino, an accountant employed by the couple, was found guilty of conspiring to defraud the United States and knowingly submitting false tax returns. On bail, he is also free. All three will be sentenced on Oct. 6.

“Chrisley Knows Best” chronicles the Chrisley family, close-knit and raucous. The sitcom was recently renewed for a tenth season by the USA, while the spinoff “Growing Up Chrisley,” which follows Chrisley kids Chase and Savannah as they grow up in Los Angeles, was just renewed for a fourth season by E! The trial began in mid-May, just days after E! announced that Todd Chrisley would host a new dating series called “Love Limo.”

According to authorities, Julie Chrisley allegedly prepared fake financial documents to rent a property in Los Angeles while her husband was in bankruptcy proceedings. After moving in, they neglected to pay rent, and the property owner launched an eviction complaint against them.

When Todd Chrisley filed for bankruptcy, the Chrisleys began starring in their reality program. It was initially recorded in Atlanta and afterward in Nashville. Prosecutors claim they made millions from the show and colluded with Tarantino to deceive the IRS.

Prosecutors claimed they used a loan-out firm to collect money from the show and other projects and retained the corporate bank accounts in Julie Chrisley’s name to avoid paying Todd Chrisley half a million dollars in overdue taxes. According to police, when the IRS requested information on the bank accounts, they transferred ownership to Todd Chrisley’s mother to further conceal his income from the IRS.

Despite Todd Chrisley boasting on a radio show that he paid $750,000 to $1 million in federal income taxes every year, prosecutors said the pair neglected to submit tax returns or pay taxes for numerous years. According to authorities, Tarantino submitted two fake corporate tax returns for the loan-out firm in 2015 and 2016, falsely claiming that it generated no money and made no disbursements.

Prosecutors claim Julie Chrisley filed a fake document in answer to a grand jury subpoena to make it appear like the Chrisleys didn’t mislead the bank when they transferred ownership of the loan-out firm to her husband’s mother.

Follow Featured Biography for more celebrity reads.

• Celebrity News