Reality Star Todd Chrisley Doesn’t Know Best When It Comes to the IRS
Millionaire real estate mogul Todd Chrisley caught the public eye with the start of his reality T.V. show “Chrisley Knows Best” in 2014 on USA Network. The show follows Todd, his wife Julie, and their children through family drama, problems, and their over the top lifestyle in Georgia. After wrapping season seven last month, Chrisley and his wife Julie may be encountering their biggest scandal yet as they have been indicted for 12 counts of tax evasion, bank fraud, and wire conspiracy and fraud.
The IRS and FBI found that the couple had defrauded numerous banks between 2007-2012. The Chrisleys were loaned millions of dollars and used fabricated documents, including bank statements and credit reports. They used the money for lavish purchases and even rented a new home in California using cut and glued documents. For the years 2014-2016, the Chrisleys failed to submit their tax returns on time and once filed did not make payments promptly. They continued making luxury purchases during this period ignoring their tax bill.
Todd Chrisley posted an Instagram response alleging the situation was caused by a disgruntled former employee who was fired. He stated the employee created the falsified documents, and the couple’s attorneys believe the Chrisleys will be exonerated entirely when the truth comes to light.
Todd and Julie turned themselves in last week to Georgia authorities and were released after posting bail. Their passports were taken, and they are mandated to stay in Georgia and Tennessee unless an exception is granted. The Chrisley’s accountant was also indicted for playing a part in the illegal activity and will have to report to court for tax offenses and lying to investigators. The couple’s son was hit with a tax lien shortly after for a reported $16,886.
If convicted, Todd and Julie could each face 30-year sentences. The U.S. Attorney Byung J. “BJay” Pak has commented that celebrities face the same consequences as any other criminal. The case can find similarities to the mail, wire and bankruptcy fraud committed by “The Real House Wives of New Jersey” reality stars Teresa and Joe Giudice who were sentenced to 15 and 41 months respectively in 2015. Both cases seem to be a part of the crackdown on tax evasion and show the seriousness with which the courts take tax and bank fraud.
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