Reality Star Todd Chrisley Sentenced To 12 Years In Prison For Bank Fraud & Tax Evasion, Wife, Julie, Sentenced To 7

November 22, 2022 by Tsai-Ann Hill in TV with 0 Comments

Todd Chrisley & wife Julie Chrisley

Reality Star Todd Chrisley Sentenced To 12 Years In Prison For Bank Fraud & Tax Evasion, Wife, Julie, Sentenced To 7

Todd and Julie Chrisley will be spending a long extended time behind bars.

On Monday (Nov. 21) The “Chrisley Knows Best” couple was sentenced by a federal judge for their bank fraud and tax evasion crimes. Todd Chrisley received 12 years in prison and 16 months probation, while his wife, Julie Chrisley, received 7 years in prison, plus 16 months probation.

As previously reported, Todd and Julie Chrisley were accused of lying to receive $30 million in bank loans. They were also accused of filing for bankruptcy to avoid paying $20 million in debt. During the trial, the prosecution claimed Todd and Julie Chrisley intentionally lied to smaller banks to get $30 million between the years of 2007 and 2012.

The parents-of-5 became household names following the 2014 premiere of their family reality series “Chrisley Knows Best.” Reportedly, following their recent sentencing, the series has been axed.

Peter Tarantino, the Chrisley’s former accountant, was also sentenced to 36 months in prison after being found guilty of conspiracy to defraud the United States and willfully filing false tax returns. Peter Tarantino, who was convicted back in June for his involvement in the couple’s fraud scheme, will report to prison on May 1, 2023, after undergoing hip surgery.

Before Todd and Julie Chrisley were sentenced, prosecutors asked the judge to give Todd between 17-22 years and Julie 10-12 years. They also requested that the pair forfeit up to $20 million. In June, a federal jury found Todd, 53, and his 49-year-old wife guilty of conspiracy to commit bank fraud and conspiracy to defraud the United States and tax fraud. Julie was also convicted of wire fraud.