Todd and Julie Chrisleythe stars of the hit reality show “Chrisley Knows Best,” were found guilty on all counts of bank fraud and tax evasion on Tuesday.
Follow AJC, they were found guilty by a federal jury after their trial began three weeks ago. Prosecutors claim the couple defrauded at least $30 million from community banks between 2007 and 2012. They allegedly increased their net worth to receive loans from the banks. smaller banks. They are also accused of concealing millions of dollars in proceeds from their hit reality show, which began in 2014. The pair are also accused of evading $500,000 in taxes Todd owes since 2009.
It is reported that the couple actively evaded taxes since 2009.
Todd’s attorney Bruce H. Morris claimed that they were the victims and that a man named Mark Braddock was responsible for all the fraud they were not aware of while he was overseeing Todd’s company. , Chrisley Asset Management. They were said to have been unaware until firing him in 2012.
Morris said that Braddock went to the United States Attorney’s Office and obtained federal immunity in exchange for evidence against the Chrisleys.
Keri Farley, a special agent in charge of FBI Atlanta, said, “As today’s results show, when you lie, cheat, and steal, justice is blind to fame, fortune and status. your. Finally, driven by greed, the all-inclusive verdict for these three defendants once again proves that financial crimes don’t pay the price. ”
Chrisleys is expected to be sentenced on October 6 and could face 30 years behind bars.
Like us before reported, they were first prosecuted for tax evasion in August 2019. They then turn themselves, and they were clean up $2 million tax evasion in October 2019.
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