Todd Chrisley made the local Atlanta news on WSB tonight and it appears the Chrisley’s have a lot in common with the Giudices in New Jersey.
In August of 2012 Todd filed for Chapter 7 bankruptcy where he listed about $49.4 million in debt. He claimed assets of $4.2 million. For those playing along at home, that is over $45 million dollars of debt. His debtors included a business partner who was owed $30 million, $12 million in mortages, and a $4.4 million loan from his wife. Finally, in 2015 the bankruptcy was discharged when he and the business partner agree that he would pay $150,000. Now if you owe, $30 million, and your partner agrees to take $150,000 then you just write the check and count your lucky stars right? Only he didn’t. He paid around $70,000 and as of last year was back in court again.
Chrisley Knows Best started in 2014 on USA , while the bankruptcy proceedings were still active.
But that is not even why he is on the local news tonight. It seems that while he is filming a show about his life living in Atlanta, he is telling the IRS he lives in Florida. Why would he do that? Because there is no state income tax in Florida. A local investigative reported noted his claims of being a Florida resident while investigating and discovered the potentially illegal discrepancies.
Channel 2 investigative reporter Jodie Fleischer interviewed the bankruptcy trustee Jason Pettie, who oversaw one of Chrisley’s filings. Pettie indicated he had seen returns from 2004 through 2011. Fleischer asked if he’d seen any Georgia tax returns. “No,” Pettie replied. “They haven’t been filed.” Then, much like the Judge in the Giudice bankruptcy, and in the Abby Lee Miller bankruptcy, the bankruptcy trustee just happened to catch the reality show. There was poor destitute Todd driving expensive cars, and wearing fancy clothes and living in a 20,000 square foot house in Roswell, Georgia. He was also claiming the homestead exemption on the property.
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“That didn’t sit well at all,” said Pettie. “I realized there was a lot of debt propping up the appearance on TV.”
“I thought it was like bizarro world.” said attorney Kevin Ward, who represented one of Chrisley’s creditors. “Granted, the show is not under oath, but the person I had under oath was just the opposite. He claimed to be destitute, incapable of paying anything.” Ward realized the bankruptcy was filed in Florida causing Chrisley to move the bankruptcy filing to Georgia.
The reporter for WSB went to Nashville, where the Chrisleys moved last year. It’s a huge house and Todd was leaving in his fancy SUV. He pulled up to see who was filming, and when he saw the Channel 2 microphone, he sped away. As the reporter said he didn’t want to be on her camera, or face reality.
If the state of Georgia determines that Todd has not paid his taxes, he could be charged with tax evasion, or tax fraud or both. It also looks like there was probably some bankruptcy fraud as well.
Recently, Todd was slapped with a federal tax lien by the IRS, accusing him of owing a total of $590,000 in unpaid taxes. On the shows promos Todd says things like, “We often spend $300,000 on clothes for the family.”
Here we go again. Stupid is as stupid does. Todd will not like federal prison. Not even a little bit.
Goodness gracious!! Is this bigger than the Guidice case, debt-wise? I don’t remember but he must truly be stupid OR knew he’d end up in the big house at some point and decided to live as largely as he could until the time came. I have to make sense of things and that’s all I can come up with…
Financially, yes. But I don’t really believe that he owed his investment partner 30 million. I think THIS IS MY OPINION that was some sort of bullshit thing. No one takes 150,000 for a 30 million dollar debt that right there sounded like fraud TO ME IN MY OPINION.
yeah, tt, that’s exactly what I was thinking.
How in Gods name do people get this far into debt and continue to get into these big ass houses and fancy cars? I do not understand all of these people… the Guidices, Lauritas, Chrisleys, and the Spellings and probably so many more. If only they could share the secrets with me. I’d be fun for a moment to live like this.
And last I knew this family lived in Nashville because they wanted to be close to their daughter Savannah. So this fraud/tax evasion/bankruptcy/illegal bullshit spans Florida, Georgia and Tennessee
Yes the moved there last year. No income tax in TN except for investment income. But sales taxes are REALLY HIGH especially in some cities.
Todd will just love Federal prison. He’ll be sleepin with a new man every night.
Or five.
Be he won’t have any hair gel, or manicures, or Elton John CDs… nothing…
That’s Funny?
Jeepers, reality TV is going to get a bad reputation if they keep this up.
I wonder what he must have felt when the Giudices went to prison.
How does anyone who is lying to the government think it’s a good idea to go on a reality TV show and flash lots of financial resources ? He’s in bankruptcy court claiming to be flat broke in 2012 and then goes on TV talking about spending over a quarter of a million dollars on clothes. Which I don’t believe btw. But still. Lying about it is even worse.
Delusions of grandeur along with stupidity?
I feel kind of bad for him…or maybe i’m having flashbacks of his daughters car wreck. ugh. gawd what an idiot!! I don’t feel bad for him at all. I feel bad for his spoiled kids.
I always thought they were the hottest mess I had ever seen. I can’t even follow the money trail, which is very fishy.
Exactly, where are these brick and mortar stores he supposedly has? Not on the bankruptcy filing.. I’ve never seen one. Have you?
Well it was the same when 50 Cent filed. Bankruptcy doesn’t mean you’re broke, it means you don’t have enough to pay your debts. So he didn’t have $50mil, (although I agree that he probably didn’t owe that much either), that doesn’t mean he doesn’t have money, he just doesn’t have $50mil. But he could have had $30mil and still be able to file to try and get some of the ones he doesn’t want to pay discharged, or reduced. It’s exactly what PK did to get out of paying his fines for cheating the stock market.
“Well it was the same when 50 Cent filed. Bankruptcy doesn’t mean you’re broke, it means you don’t have enough to pay your debts'”
*Head explodes*
Giggles!!!
Guess the power of fame does make people stupid.
Look at his previous arrest record. He beat up his own mother. He mercilessly beat his ex-wife (Teresa Terry). And he’s always come out smelling like a rose. Somehow, I seriously doubt he’ll see any repercussions for his illegal activities. It seems he never does.
I’ve only heard of allegations from his first wife. So you are saying he has a lot in common with Teflon Phaedra? 🙂
It seems he took his career criminal fathers legacy to a whole nother level.
I’ll bite. What did his father do?
As for his criminal record, it’s public knowledge. Check with S.L.E.D (South Carolina Law Enforcement). There’s far more than rumors there.
As for his dad, he made his living breaking into houses and a large chunk of his adult life in jail for it. I believe he was convicted of over thirty separate breaking and enterings.
Of course it’s a family tradition. His brother was just recently arrested for shoplifting. Had his pants legs taped closed and was filling his trousers with candy.
Todd is just in the family business. He’s just working on a larger scale. Always has.
Todd is so shady! He & his family are money grubbing fame whores
Okay, who the hell would eat trouser candy?
Want a real breaking story? Keep an eye on his real estate dealings in his home town of Westminster SC. He’s been working very diligently, using his celebrity, to drive down property values there. A town that happens to be centered between three lavish lakes on one side, and three large rivers, mountains, and national Forrest on the other side.
Look closely and you’ll discover a hollow corporation preparing to profit greatly off Todd’s bashing of his old stomping grounds.
Buy low, sell high……….get rich quick.
It’s all lies and fraud , this man is a total scam artist . He is actually gay and the whole tv life is a big fraudulent ploy to get more money .