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Why Todd And Julie Chrisley Was Sentenced To Years In Prison?
According to the U.S. attorney’s office in Atlanta, Todd Chrisley received a 12-year sentence from U.S. District Judge Eleanor Ross in Atlanta, while Julie Chrisley received a seven-year sentence. After that, each must complete three years of supervised release, and Ross also mandated that they make restitution in an amount that will be decided later.
Prosecutors claimed that the Chrisleys “has built an empire based on the lie that their wealth came from commitment and hard work.”
The jury’s unanimous decision clarifies the situation: Todd and Julie Chrisley are professional fraudsters who have made a life by switching between fraud schemes, deceiving banks, taking advantage of vendors, and dodging taxes everywhere.
According to federal prosecutors, the pair should receive sentences totaling more than ten years in prison for each of them.
The Chrisleys and other rich tax fraudsters must be warned that tax cheating is a serious crime and that using personal corporations to evade taxes will result in a significant prison term, according to the prosecutors. And finally, special attention should be paid to Todd and Julie Chrisley’s conceit.
The Chrisleys became well-known for their television program “Chrisley Knows Best,” which features their close-knit, raucous family. According to federal prosecutors, the pair ran a significant bank fraud operation before concealing their income from tax officials and flaunting their opulent lifestyle.
In a court document, Todd Chrisley’s attorneys had claimed that he shouldn’t spend more time behind bars than nine years. According to Julie Chrisley’s attorneys, probation with specialized requirements and no jail time would be a fair punishment for her.
In June, the Chrisleys were found guilty of conspiring to defraud the IRS, bank fraud, and tax evasion. Additionally found guilty of wire fraud and obstructing the justice, Julie Chrisley.
Todd Chrisley described it as a “heartbreaking time” for his family in a podcast episode that was published shortly after their convictions.
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In a news statement from June 2022, U.S. Attorney Ryan K. Buchanan claimed that Todd and Julie Chrisley had planned to mislead neighborhood banks in the Atlanta region in order to gain more than $30 million in personal loans before the start of their debut television program in 2014. The Chrisleys’ old business partner helped them acquire the loans by providing fraudulent documentation, and they later spent the money on clothing, real estate, travel, cars, and other items. According to Buchanan, they repaid the previous loans using the new ones.
Todd Chrisley was able to discharge more than $20 million of the loans after filing for bankruptcy. Despite his claims to be bankrupt, according to Buchanan, he and his family were making millions of dollars from their TV show. The Chrisleys made money from their show and other entertainment endeavors while running a loan-out business, which is typically used by professionals in the entertainment industry.
They moved their loan-out company’s corporate account to Todd Chrisley’s mother in an effort to avoid the IRS when it requested information about their bank accounts. Todd Chrisley was still running the loan-out business, though, according to Buchanan.
“The Chrisleys are unique given the varied and wide-ranging scope of their fraudulent conduct and the extent to which they engaged in fraud and obstructive behavior for a prolonged period of time,” prosecutors said.
Peter Tarantino, the Chrisleys’ accountant, was also found guilty of conspiring to mislead the IRS and submitting two fake business tax returns on their behalf.
The Chrisleys, according to the prosecution, did the exact opposite of what “most tax fraudsters strive to keep a low profile while evading detection from the IRS.”
The Chrisleys produced a promotional video for their new reality show about their lavish lifestyle in 2013, while Todd was facing bankruptcy procedures. Todd bragged in the video that he “make[s] millions of dollars a year” and said that “in a year, we definitely spend over $300,000, sometimes more, just on apparel” while standing in his walk-in closet in his large home.
The 10-year-old daughter of Todd Chrisley’s son from a previous marriage, who is in full custody of the Chrisleys, is one of their three joint children. Grayson Chrisley, 16, one of the couple’s children, was admitted to the hospital earlier this month as a result of a car accident on November 12.
Grayson Chrisley hit another car in the rear on Interstate 65, according to a police report from the Metropolitan Nashville Police Department that CBS News was able to obtain. Despite having injuries at the time of the collision, the driver of the other car refused to be taken to the hospital by ambulance. According to the agency, Chrisley was “unable to recollect anything from the accident, probably owing to a head injury.” He was driven by ambulance to the hospital.
Although the crash happened more than a week ago, the accident did not make headlines until this week, when TMZ first reported on it.