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Todd & Julie Chrisley found guilty of Tax Evasion and Bank Fraud
https://www.ajc.com/life/radiotvtalk-blog/reality-stars-todd-julie-chrisley-guilty-on-all-counts-in-federal-tax-evasion-trial/FVA226HPVJHFLA3QWCNAZD4VYA/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.
The jury began deliberating on Friday afternoon and returned the verdict on Tuesday afternoon. Sentencing is set for Thursday, October 6 at 9:30 a.m. The Chrisleys could face up to 30 years in prison.
The trial began three weeks ago.
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...
The jury began deliberating on Friday afternoon and returned the verdict on Tuesday afternoon. Sentencing is set for Thursday, October 6 at 9:30 a.m. The Chrisleys could face up to 30 years in prison.
The trial began three weeks ago.
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...
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