Todd and Julie Chrisley convicted of fraud and tax crimes


CNN

Reality TV stars Julie and Todd Chrisley were sentenced to prison terms in federal court on Monday.

The “Chrisley Knows Best” couple were found guilty in June of conspiring to swindle banks out of more than $30 million in fraudulent loans, CNN previously reported. In addition, they were convicted of several tax offenses, including attempting to defraud the tax authorities.

Judge Eleanor L. Ross sentenced Todd Chrisley to 12 years in prison with three years of supervised release. His wife, Julie Chrisley, was sentenced to seven years in prison and three years of supervised release. Their accountant, Peter Tarantino, was sentenced to three years in prison and three years in custody, U.S. Attorney for the Northern District of Georgia Ryan Buchanan said during a news conference after the sentencing.

According to the Justice Department, evidence in the case showed the Chrisleys were able to obtain the loans by filing false bank statements, audit reports and financial reports. The money was used to buy luxury cars, designer clothing, real estate and travel, the DOJ said in a press release.

Then, while making millions of dollars from their former reality show, the Chrisleys, along with their accountant, conspired to defraud the IRS and avoid collecting overdue taxes.

“Chrisley Knows Best” debuted on the USA Network in 2014. New episodes filmed before the trial will appear sometime next year.

In a brief statement to CNN in June, one of Todd Chrisley’s attorneys, Bruce Morris, said they were “disappointed with the verdict” and planned to appeal.

CNN has reached out to representatives of the Chrisleys and Tarantino for comment on Monday’s sentencing.

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