'Chrisley Knows Best' stars Todd, Julie Chrisley tax evasion conviction: By the numbers
‘Chrisley Knows Best’ star Todd Chrisley and wife reportedly indicted on tax evasion and bank fraud charges
Todd and Julie Chrisley, the stars of ‘Chrisley Knows Best,’ have reportedly been indicted on federal fraud and tax evasion charges.
Todd and Julie Chrisley were sentenced to a combined 19 years in federal prison Monday after they were both found guilty in a federal tax evasion case.
The "Chrisley Knows Best" stars became famous for showcasing their tight-knit family life on television for years, which included flaunting their lavish lifestyles while living in the South.
A jury found the couple guilty of conspiring to defraud community banks out of more than $30 million in fraudulent loans, in addition to conspiring to defraud the IRS.
"In a year, we sometimes spend $300,000 or more, just on clothing," Chrisley told cameras during a promotion for their show. Todd filed for bankruptcy in 2012 for debts totaling more than $49 million.
Here's a breakdown of their properties, court cases and a look ahead for the Chrisleys.
TODD AND JULIE CHRISLEY SENTENCED TO FEDERAL PRISON; REALITY STARS RECEIVE COMBINED 19 YEARS BEHIND BARS
Todd and Julie Chrisley were sentenced to a combined 19 years in federal prison Monday after they were both found guilty in a federal tax evasion case. (Getty Images / Getty Images) Todd, a self-made real estate investor, purchased a sprawling, 16-acre estate in Atlanta for $9 million in 2006. The eight-bedroom property in the affluent Buckhead neighborhood reportedly went into foreclosure in 2012, around the same time Todd filed for bankruptcy. ‘CHRISLEY KNOWS BEST’ STARS SETTLE STATE TAX EVASION CHARGE, BUT LEGAL ISSUES NOT OVER The Chrisleys then lived in a nine-bedroom, 30,000-square-foot home in Roswell, where they began filming their reality show. Records indicated the home was listed for sale in 2007 for $7 million, but finally sold for $1.2 million in 2014. A jury found the Chrisleys guilty of conspiring to defraud community banks out of more than $30 million in fraudulent loans, in addition to conspiring to defraud the IRS. (Tommy Garcia/USA Network/NBCU Photo Bank/NBCUniversal via Getty Images / Getty Images) Their stint in Roswell was short-lived for cameras at least, as they were forced to downsize into a 7,800 square-foot estate and what would become the backdrop for multiple seasons of "Chrisley Knows Best." Situated on the sixth hole of the River Club golf course, the custom-built home hit the luxury rental market in 2016 for $8,000 per month. The mansion recently sold in March for $1.8 million. In addition to their main house, the Chrisleys owned a four-bedroom home in Alpharetta, which was purchased in 2005 for $452,900 and sold in 2017 for $540,000. Todd's mother, "Nanny" Faye, reportedly lived in the 3,000-square-foot home. Todd and Julie uprooted the family to Nashville, Tennessee in 2016 and moved into a four-bedroom, $1.6 million home in the Belle Meade area. The home was often featured on the show, but in April 2019, Julie Chrisley purchased a $3.4 million mansion in the exclusive Brentwood suburb, just 10 miles away, after Todd told the Tennessean that "security has become a big issue" for the family. Todd and Julie Chrisley’s home in Tennessee. (Flightrisk/BACKGRID) Their new digs featured six bedrooms, two primary suites and nine bathrooms across 12,000 square feet. Two months after Julie purchased the property, it was back on the market for $4.75 million, but records indicate she still owns the home. CHRISLEYS UNDER FIRE: MORE REALITY STARS CHARGED WITH TAX EVASION Todd filed for Chapter 7 bankruptcy in 2012, listing $4.2 million in assets and $49.4 million in debts. In the 2012 bankruptcy filing, Todd claimed to have only $55 in a checking account and $100 in cash. Todd's attorney at the time, Robert Furr, told People, "He guaranteed a real estate development loan, and it failed. He was on the hook for $30 million. If he hadn’t had that happen, he would have been fine, financially." Pictured, left to right, Chase Chrisley, Grayson Chrisley, Julie Chrisley, Todd Chrisley, Chloe Chrisley, Savannah Chrisley, Faye Chrisley. Julie and Todd became famous for showcasing their tight-knit family life on television for years, which includ (Dennis Leupold/USA Network/NBCU Photo Bank/NBCUniversal via Getty Images / Getty Images) Pictured are Savannah Chrisley, left, Todd Chrisley, center, and Julie Chrisley. A jury found Todd and Julie guilty of conspiring to defraud community banks out of more than $30 million in fraudulent loans, in addition to conspiring to defraud the IR (Photo by: Mark Hill/USA Network/NBCU Photo Bank/NBCUniversal via Getty Images / Getty Images) Todd's debts also included $12 million worth of mortgages, a delinquent IRS bill for $595,227.98 and a $4.4 million loan from Julie. Furr said of the loan between the spouses, "She is well-off. She has her own money. This is money that she lent him over the years for his business. It’s as simple as that." GET FOX BUSINESS ON THE GO BY CLICKING HERE Todd was sentenced to 12 years in prison Monday and Julie was given a seven-year prison sentence after initially being indicted in August 2019 on bank fraud and tax evasion charges. They will each have to complete 16 months of probation following the end of their prison sentences. The couple's report date is set for Jan. 15, 2023, according to FOX 5. Todd and Julie Chrisley did see a minor court victory in 2019 when the Georgia Department of Revenue cleared the couple of a $2 million state tax evasion. (Cynthia Hicks/USA Network/NBCU Photo Bank/NBCUniversal via Getty Images) / Getty Images) The Chrisleys did see a minor court victory in 2019 when the Georgia Department of Revenue cleared the couple of a $2 million state tax evasion charge stemming from a two-year investigation from nearly eight years of returns beginning in 2008. "Julie and I knew all along that we had done nothing wrong and that when the facts all came out, we would be fine," Todd said in a statement at the time. "We’re just glad that the Department of Revenue was willing to keep an open mind and look at all the evidence." The Department of Revenue dropped its claim that the couple owed more than $2.1 million in unpaid state taxes, penalties and interest, and updated the total outstanding debt to under $110,000. CLICK HERE TO READ MORE ON FOX BUSINESS Source: Read Full Article
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