Jury Finds Reality TV Stars Todd and Julie Chrisley Guilty Of Bank Fraud And Tax Evasion
The USA Network just renewed the show for a 10th season.
Federal prosecutors indicted the ‘Chrisley Knows Best’ couple in 2019.
The federal indictment accused the Chrisleys of swindling $30 million from community banks from 2007 to 2012. The TV reality couple inflated their net worth to get loans. They purposely targeting smaller banks that did less due diligence than larger ones.
Consequently, Todd Chrisley then filed for bankruptcy in 2012. Thus, he was able to erase $20 million in loan debt.
Federal Prosecutor Annalise Peters alleged the Chrisleys actively hid millions they made from the reality show. She also alleged Todd Chrisley hid $500,000 he owed in taxes from 2009. They alleged that the couple actively evaded taxes going back to 2009.
The Feds also alleged the TV reality stars conspired with their accountant, Peter Tarantino to defraud the IRS.