Todd and Julie Chrisley’s Jail Time Explained: Net Worth, More

Todd and Julie Chrisley’s Jail Time Explained: Net Worth, More

Todd and Julie Chrisley were once known as the doting parents on USA Network’s hit ‘Chrisley Knows Best’ series, but it all came crashing down when they were convicted of numerous counts of fraud and evasion tax.

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Despite branding (and showcasing) their ‘Southern values’, the couple were allegedly engaged in a ’15-year fraud spree’, prosecutors say, in which they defrauded banks over 30 million dollars in fraudulent loans. Todd was sentenced to 12 years in prison and 16 months probation, while Julie was given a sentence of seven years in prison and 16 months probation.

Yet the reality stars claim to be innocent – because someone else was in charge of their finances.

“The Chrisleys built an empire based on the lie that their wealth came from dedication and hard work,” prosecutors wrote in a sentencing memo, per Variety. “The unanimous jury verdict sets the record straight: Todd and Julie Chrisley are career crooks who have made their living by jumping from one fraudulent scheme to another, lying to banks, harassing salespeople and dodging taxes around every corner.”

Who are Todd and Julie Chrisley and what happened?

Todd and Julie Chrisley first appeared on the small screen in 2014, with their offspring of 6: Lindsie Chrisley, 33, Kyle Chrisley, 31, Chase Chrisley, 26, Savannah Chrisley, 25, and Grayson, 16 years old, and her granddaughter Chloé, 10 years old (they have full custody).

With their Keeping Up With the Kardashians-style show filled with wholesome family hijinx and country glamour, the family blasted their way to reality TV star fame with several spin-off business ventures like their “Chrisley Confessions” podcast. “.

But while the family patriarch told viewers he was a Georgian real estate magnate raising his children with the best of the best, prospectors claimed he illegally acquired millions and evaded taxes during that period to finance their opulent lifestyle.

Prosecutors say the parents forged documents to secure more than $30 million in bank loans, and when they couldn’t repay the loans, they filed for bankruptcy in 2012, per People. After the bankruptcy, Todd walked away with $20 million in fraudulently obtained loans, which were spent on “luxury cars, designer clothes, real estate and travel,” the U.S. Attorney’s Office for the Northern District of Georgia said in a statement. Press release.

Additionally, they were accused of attempting to defraud the IRS after failing to file taxes from 2013 to 2016. Their accountant, Peter Tarantino, was convicted of filing false tax returns on behalf of the Julie’s corporate bank account, which was created to hide funds from the IRS. Along with the Chrisleys, Tarantino was sentenced to three years in prison and three years of probation.

The parents were charged with federal tax evasion charges in 2019, per USA Today, but despite claiming their innocence, they were found guilty after a jury trial in June. Todd was found guilty of conspiracy to commit bank fraud, bank fraud, conspiracy to defraud the United States and tax evasion, while Julie was found guilty of conspiracy to commit bank fraud , bank fraud, conspiracy to defraud the United States, tax evasion and wire fraud.

Following their guilty verdict, they were released on bail and ordered to participate in a house arrest program pending sentencing.

Where are Todd and Julie Chrisley now and what does it mean for their family?

After being slapped with their lengthy prison sentences, Todd and Julie Chrisley still maintain their innocence in the scandal and, according to their lawyer Alex Little, of Burr & Forman LLP, they plan to challenge the decision.

“Todd and Julie are people of faith, and that faith gives them strength as they appeal their convictions,” the attorney said in a statement to CNN, saying the trial “was marred by errors. serious and repeated” and that “we are optimistic about the road ahead.

Despite their intention to appeal the judge’s decision, they are expected to report to prison on January 1, 2023, according to The New York Times.

In the absence of her parents, her daughter Savannah could gain custody of Chrisley’s two minors, Grayson, 16, and her granddaughter Chloe, 10, she said on her ‘Unlocked’ podcast hours later. before sentencing.

The children would grapple with the verdict, with Greyson “dealing with the worst”, a source told the US Sun. Just days before the sentencing was announced, Greyson was involved in a car accident and was hospitalized for his injuries, but has since returned home.

As for the fate of the family’s TV show, Deadline reports that the show was canceled after nine seasons and two guilty verdicts, in addition to their spin-off series “Growing Up Chrisley,” however, NBCUniversal has yet to hear. officially confirmed the news.

What is Todd and Julie Chrisley’s net worth?

While the Chrisleys will be required to pay restitution, which will be determined at a later date, their reported net worth is only a fraction of the millions they owe.

According to Celebrity Net Worth, Todd has a net worth of $1.5 million. Additionally, he owns a 30,000 square foot home and spends $300,000 a year on clothes. Julie also has a reported net worth of $1.5 million.

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