The duo has been tried in Atlanta on charges including bank fraud and tax evasion.
ATLANTA – Todd and Julie Chrisley from the “Chrisley Knows Best” reality TV series were found guilty of fraud and other charges by a federal jury on Tuesday, according to the U.S. Attorney’s Office.
The duo has been on trial in Atlanta on charges of including bank fraud and tax evasion for the past three weeks. The Chrisleys were initially charged in August 2019, and a new indictment was filed in February 2022.
According to a U.S. Department of Justice statement, Todd and Julie Chrisley have been found guilty of conspiring to defraud community banks with more than $ 30 million in fraudulent loans. The DOJ added that after the Chrisleys used funds to buy luxury cars, designer clothes, real estate and travel excursions, they used the new fraudulent loans to repay old loans. After spending the money, the DOJ said, “Todd Chrisley filed for bankruptcy and gave up more than $ 20 million in fraudulently obtained loans.”
The couple was also found guilty of tax evasion.
“While the Chrisleys earned millions and avoided paying the arrears of Todd Chrisley’s taxes, they also did not file tax returns or pay taxes for the fiscal years of 2013, 2014, 2015 and 2016,” the DOJ said. “At one point, Todd Chrisley falsely claimed on a radio program that he paid between $ 750,000 and $ 1 million in federal income tax each year, even though he did not file or pay his personal income tax returns for years.”
Prosecutors alleged that the Chrisleys presented false documents to the banks when applying for the loans. They said Julie Chrisley also filed a fake credit report and fake bank statements while trying to rent a house in California, and that the couple refused to pay the rent a few months after they started using the house.
The Chrisleys also previously used a film producer to hide IRS revenue and prevent it from collecting unpaid taxes by Todd Chrisley, prosecutors said. The family moved to Tennessee at the time the indictment was filed, but the criminal charges come from when they lived in the North Atlanta suburbs, prosecutors said earlier.
Peter Tarantino, an accountant, hired by the Chrisleys, had also been tried with the Chrisleys. He was also found guilty of filing two false corporate tax returns on behalf of the Chrisleys company, the DOJ said in a statement.
“The jury found that Todd and Julie Chrisley had committed various fraud schemes for several years and their accountant, Peter Tarantino, filed false corporate tax returns on their behalf,” said U.S. Attorney Ryan K. Buchanan. “This office and our partner agencies will continue to vigorously investigate and prosecute white-collar criminals who violate the law.”
In addition, Julie Chrisley was found guilty of fraud and obstruction of justice. After hearing the grand jury’s investigation, the DOJ said it filed a fraudulent document in response to a subpoena to make it appear that the Chrisleys did not lie to the bank when they transferred ownership of the company’s bank account to Todd Chrisley’s mother.
“As today’s result shows, when you lie, cheat and steal, justice is blind to your fame, your fortune, and your position,” said Keri Farley, Atlanta FBI Special Agent. “In the end, when driven by greed, the verdict of guilt on all charges of these three defendants proves once again that financial crimes do not pay.”
After they were found guilty, U.S. District Judge Eleanor Ross allowed the Chrisleys to remain on bail. But she has placed them under house surveillance and house arrest, which means they can only leave the house for certain reasons, including work, medical appointments and court appearances. They also have to warn their parole officers when they spend more than $ 1,000, according to the order introduced on Tuesday.
Bruce Morris, Todd Chrisley’s lawyer, said he was disappointed with the verdict and hopes to appeal. Chrisley and Tarantino are scheduled to be sentenced on Thursday, October 6 at 9 p.m.
E! recently announced that it is moving forward with a new series of quotes called “Love Limo,” presented by Todd Chrisley. In addition, the reality shows “Chrisley Knows Best” and their spin-off “Growing up Chrisley” with children Chrisley, Chase and Savannah in Los Angeles, were renewed on USA Network and E !.
This is a developing story. Come back often for new information.
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Todd, Julie Chrisley convicted of fraud Atlanta Federal Court
Source link Todd, Julie Chrisley convicted of fraud Atlanta Federal Court