Todd and Julie Chrisley were found guilty on all counts of bank fraud and tax evasion by a federal jury Tuesday in downtown Atlanta, according to Rodney Ho of the AJC.
According to the feds, the Chrisleys deliberately “swindled” at least $30 million from community banks from 2007 to 2012 by inflating their net worth to get loans, purposely targeting smaller banks that did less due diligence than larger ones. Then Todd Chrisley filed for bankruptcy in 2012, erasing $20 million in loan debt. They were first charged by the feds in 2019.
The Tax Man Cometh
Prosecuting attorney Annalise Peters alleged they then actively hid millions they made from the reality show, which began in 2014, as well as $500,000 in taxes Todd owed in 2009. They alleged that the couple actively evaded taxes going back to 2009. The tax man is not to be fucked with.
Bruce H. Morris, an attorney representing Todd Chrisley, said in his opening statement that the Chrisleys were victims of a man named Mark Braddock, who oversaw his company, Chrisley Asset Management, and did all the defrauding without the couple’s knowledge until they fired him in 2012. Braddock then went to the U.S. Attorney’s Office and received federal immunity in exchange for evidence against the Chrisleys
The Chrisleys are facing 30 years in prison. They have vowed to appeal. As I’ve said before Julie is looking at more time than Todd is. It’s been a good week or two for the truth coming out in court. Also, it turns out that Chrisley doesn’t in fact know best.