Reality TV stars Todd and Julie Chrisley sentenced to combined 19 years in prison for bank fraud and tax evasion.
Prosecutors say Todd and Julie Chrisley hid their wealth from the IRS while flaunting their lavish lifestyle.Reality TV stars Todd and Julie Chrisley were sentenced Monday to lengthy prison terms after being convicted earlier this year on charges including bank fraud and tax evasion.Reality TV stars Todd and Julie Chrisley were sentenced Monday to lengthy prison terms after being convicted earlier this year on charges including bank fraud and tax evasion.
"The Chrisleys have built an empire based on the lie that their wealth came from dedication and hard work," prosecutors wrote. "The jury's unanimous verdict sets the record straight: Todd and Julie Chrisley are career swindlers who have made a living by jumping from one fraud scheme to another, lying to banks, stiffing vendors, and evading taxes at every corner."
Prosecutors have said the couple submitted fake documents to banks and managed to secure more than $30 million in fraudulent loans. Once that scheme fell apart, they walked away from their responsibility to repay the loans when Todd Chrisley declared bankruptcy. While in bankruptcy, they started their reality show and "flaunted their wealth and lifestyle to the American public," prosecutors wrote, and then hid the millions they made from the show from the IRS.
Todd Chrisley's lawyers said in a filing that the government never produced any evidence that he meant to defraud the banks, and that the loss amount calculated was incorrect. They also noted that the offenses were committed a long time ago and said he has no serious criminal history and has medical conditions that "would make imprisonment disproportionately harsh."
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