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.
“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.