Reality stars Todd (totally not gay) Chrisley and his wife, Julie, were found guilty on all counts of bank fraud and tax evasion by a federal jury Tuesday in downtown Atlanta.
BREAKING: Reality stars and former Georgia residents Todd and Julie Chrisley were found guilty on all counts of bank fraud and tax evasion by a federal jury Tuesday in downtown Atlanta. https://t.co/qeVx0Ipf1A
— Atlanta Journal-Constitution (@ajc) June 7, 2022
From the Atlanta Journal-Constitution:
Federal prosecutors, who indicted the “Chrisley Knows Best” couple in 2019, said the Chrisleys deliberately “swindled” at least $30 million from community banks from 2007 to 2012 by inflating their net worth to get loans, purposely targeting smaller banks that did less due diligence than larger ones.
Then Todd Chrisley filed for bankruptcy in 2012, erasing $20 million in loan debt.
Prosecuting attorney Annalise Peters alleged they then actively hid millions they made from the reality show, which began in 2014, as well as $500,000 in taxes Todd owed in 2009. They alleged that the couple actively evaded taxes going back to 2009.
During the trial, Todd Chrisley’s former business partner, Mark Braddock, testified that he and Todd had enjoyed an intimate relationship for a year in the early 2000s.
The Chrisleys face up to 30 years in prison. Sentencing is set for Thursday, October 6 at 9:30 a.m.
“Chrisley Knows Best,” a inside look at the lives of the Chrisley family, was an instant hit for USA Network when it debuted in 2014 and was recently renewed for a 10th season.
Todd Chrisley evading both his taxes and his sexuality 🥴 https://t.co/jlliUa0pGI
— Vinny! Vinni! Vinnè!☭♓ (@vsavag2) June 7, 2022