Todd and Julie Chrisley Are Sentenced to Prison for Fraud

“Mr Chrisley built his empire on the lie that his wealth came from dedication and hard work,” the critics said. “The verdict given by all the judges shows that: Todd and Julie Chrisley are people who steal their jobs and have made money by jumping from one scheme to another, defrauding banks, stiffing vendors and evading taxes at every corner.”

With the help of a former business partner, the Chrisleys used false bank statements, accounting reports and financial statements to defraud Atlanta-area banks of more than $36 million in loans, according to the Department of Justice. The couple used the money to buy luxury cars, real estate and other luxury goods. After spending all the money, Mr. Chrisley filed for bankruptcy, the Justice Department said.

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Then, after receiving millions of dollars from their TV show, the couple conspired to defraud the Internal Revenue Service with the help of their accountant, Peter Tarantino, 60, prosecutors said. To avoid paying $500,000 in delinquent taxes that Mr. Chrisley owed, the couple opened corporate bank accounts in Ms. Chrisley’s name, according to the Justice Department. But after the IRS asked for information about accounts in Ms. Chrisley’s name, the couple changed ownership of their bank account to another family member to hide their money from the IRS, the Justice Department said.

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(Later, upon learning of the grand jury investigation, Ms. Chrisley submitted a false statement to the grand jury subpoena to make it appear that the couple had not lied to the bank when they transferred ownership of the company account to a relative, the Justice Department said.)

The couple did not file or pay taxes in 2013, 2014, 2015 and 2016, and, as part of the scheme, Mr. Tarantino filed two corporate tax returns to a lender that lied that the company did not earn income or pay dividends in 2015 and 2016, according to the Department of Justice. .

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Along with the Chrisleys’ sentence on Monday, Judge Ross sentenced Mr. Tarantino to three years in prison and three years of probation; was found guilty in June of filing false tax returns for Chrisleys.

Ryan K. Buchanan, the United States attorney for the Northern District of Georgia, said in a statement that the length of Chrisley’s sentence reflects “the extent of his criminal conspiracy,” and added that they “should serve as a warning to others who have been tried.” they take advantage of our nation’s banks to make illegal profits.”

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