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

U.S. District Judge Eleanor Ross in Atlanta sentenced Todd Chrisley to 12 years in prison and Julie Chrisley to seven years in prison, according to the Atlanta U.S. Attorney’s office. Each is then to serve three years of supervised release, and Ross also ordered them to pay damages in an amount to be determined later.

“The Chrisleys have built an empire based on the lie that their wealth comes from dedication and hard work,” prosecutors wrote. “The jury’s unanimous verdict clears things up: Todd and Julie Chrisley are professional con artists who made their living jumping from one scam to another, lying to banks, ripping salespeople and evading taxes at every turn.”

Federal prosecutors did earlier said that every couple should be sentenced to more than ten years in prison.

“A message needs to be sent to the Chrisleys and others that tax evasion is a serious crime and wealthy tax fraudsters who use personal businesses to avoid paying taxes will face significant prison terms,” ​​prosecutors wrote. “Finally, Todd and Julie Chrisley’s arrogance deserves special mention.”

In this screenshot: (lr) Julie Chrisley, Todd Chrisley

USA Network/NBCU Photo Bank via Getty Images

The Chrisleys gained fame thanks to the show “Chrisley Knows Best”, which tells about their close-knit, noisy family. Federal prosecutors said the couple engaged in an extensive bank fraud scheme and then hid their wealth from tax authorities while flaunting their lavish lifestyle.

Todd Chrisley’s attorneys argued in court that he should not face more than nine years in prison. Julie Chrisley’s lawyers said a reasonable sentence for her would be probation with special conditions and no prison sentence.

The Chrisleys were convicted in June on charges of bank fraud, tax evasion and conspiring to defraud the IRS. Julie Chrisley was also convicted of electronic fraud and obstruction of justice. In podcast episode released shortly thereafter of his beliefs, Todd Chrisley said it was a “heartbreaking time” for his family.

US Attorney Ryan K. Buchanan said in June 2022 press release that Todd and Julie Chrisley conspired to defraud community banks in the Atlanta area for more than $30 million in personal loans prior to the start of their first television show in 2014. The Chrisleys and their former business partner presented false documents to obtain loans and then spent the money on cars, clothes, real estate and travel. They used new loans to pay off old ones, Buchanan said.

Todd Chrisley filed for bankruptcy and was able to walk away from over $20 million in loans. Although he claimed to be bankrupt, he and his family made millions of dollars from his television show, according to Buchanan. The Chrisleys ran a loan company usually used by entertainment professionals and made money from their shows and other entertainment endeavors.

When the IRS asked for information about their bank accounts, they transferred the corporate account of their payday loan company to Todd Chrisley’s mother in an attempt to hide from the IRS. However, Todd Chrisley continued to run the loan company behind the scenes, Buchanan said.

“The Chrisleys are unique given the varied and broad scope of their fraudulent conduct and the degree to which they have engaged in fraudulent and obstructive behavior over an extended 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 the eighth season 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 conspiring to defraud the IRS and filing two false corporate tax returns on behalf of the Chrisleys’ company.

Prosecutors argued that while “most tax evaders try to be discreet by avoiding IRS detection,” the Chrisleys did the opposite.

“In 2013, while Todd was in bankruptcy proceedings, the Chrisleys shot a promotional video for their new reality show about their flamboyant lifestyle. In the video, Todd boasted that “[s] millions of dollars a year”, and in another shot of him standing in the dressing room of his sprawling home, he brags that “we probably spend over $300,000 a year, sometimes more, just on clothes.”

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

According to a Metropolitan Nashville Police Department report obtained by CBS News, Grayson Chrisley crashed into the rear of another vehicle on Interstate 65. The driver of the other vehicle was injured but refused to be transported by ambulance at the time of the accident. According to the department, Chrisley “could not remember anything about the accident, possibly due to a head injury.” He was transported to the hospital by ambulance.

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

#Todd #Julie #Chrisley #convicted #bank #fraud #tax #evasion

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *