Todd and Julie Chrisley were driven by greed as they engaged in an extensive bank fraud scheme and then hid their wealth from tax authorities while flaunting their lavish lifestyle, federal prosecu…
The Chrisleys gained fame with their show “Chrisley Knows Best,” which follows their tight-knit, boisterous family. They were in June and are set to be sentenced by U.S. District Judge Eleanor Ross in a hearing that begins Monday and is likely to extend into Tuesday.
“The Chrisleys have built an empire based on the lie that their wealth came from dedication and hard work,” prosecutors wrote. “The jury’s unanimous verdict sets the record straight: Todd and Julie Chrisley are career swindlers who have made a living by jumping from one fraud scheme to another, lying to banks, stiffing vendors, and evading taxes at every corner.”
Prosecutors have said the couple submitted fake documents to banks and managed to secure more than $30 million in fraudulent loans. Once that scheme fell apart, they walked away from their responsibility to repay the loans when Todd Chrisley declared bankruptcy. While in bankruptcy, they started their reality show and “and lifestyle to the American public,” prosecutors wrote. When they began making millions from their show, they hid the money from the IRS to avoid paying taxes.
“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 wrote.
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