Reality TV star Todd Chrisley sentenced to 12 years in prison for tax evasion and bank fraud

Todd Chrisley and Julie Chrisley are preparing for a less glamorous life behind bars as the pair were recently sentenced to 12 and 7 years in prison, respectively. The two were found guilty of bank fraud and tax evasion earlier this year, with the sentence handed down on Monday. The Chrisleys are known for their self-titled reality series, Chrisley Knows Best.

Todd Chrisley’s sentence is officially 12 years in federal prison, with an additional 16 months of probation, while Julie’s is a 7-year sentence, with an additional 16 months of probation, according to a report from TMZ. . Prosecutors said the Chrisleys took out $30 million in fraudulent bank loans ahead of their TV series. The two are known for their luxurious lifestyle of brand new cars, designer brands and extravagant spending. Prosecutors say the couple used a film production company to hide their earnings and prevent the IRS from collecting unpaid taxes.

The official charges against the Chrisleys are conspiracy to commit bank fraud, bank fraud, conspiracy to defraud the United States, and tax evasion. Julie was also charged with wire fraud and obstruction of justice. The date for Chrisley’s report is set for January 15, 2023, according to Fox 5 Atlanta. The sentence is a bit lighter than expected, as a 71-page sentencing memorandum obtained by Channel 2 news in Atlanta stated that Todd Chrisley could face 17 to 22, while Julie was considering 10 to 13. . The report included a statement from prosecutors, which read:

“The gravity of the Chrisleys’ crimes cannot be underestimated. After defrauding community banks of tens of millions of dollars, they hid millions of dollars from the taxman, while appearing on TV to brag about how much they spend on designer clothes. And when they learned they were being investigated for these crimes, they involved their family and friends to obstruct justice. »

Will Chrisley Knows Best continue?

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It should come as no surprise that Chrisley Knows Best is, in fact, cancelled. The series, which ran for nine seasons and 197 episodes, won’t be returning for a tenth, despite being greenlit before their allegations surfaced. A report from Deadline claims that the unscripted reality TV series, as well as Chase and Savannah Chrisley’s child-focused spinoff Growing Up Chrisley, have all been pulled from their respective networks.

Additionally, E! ordered a dating format series called Love Limo, with Todd Chrisley set to host the show, though it was surprisingly not cancelled. Season 9 of Chrisley Knows Best concluded its run earlier this year in August, and it could be the last time fans will see the family on the small screen for the foreseeable future.

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