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1:10Now PlayingTodd and Julie Chrisley sentenced to 12 and seven years in prison | USA TODAY
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1:10Now PlayingProsecutors said the couple was driven by greed as they engaged in an extensive bank fraud scheme and then hid their wealth from tax authorities.
RELATED'Chrisley Know Best' stars found guilty of bank fraud, tax evasion
Todd and Julie Chrisley, stars of the reality television show "Chrisley Knows Best," were found guilty Tuesday in Atlanta on federal charges including bank fraud and tax evasion.
The Chrisleys were initially indicted in August 2019 and a new indictment was filed in February of this year. Their trial began three weeks ago, and a jury on Tuesday found them guilty of conspiring to defraud community banks out of more than $30 million in fraudulent loans, according to the office of U.S. Attorney Ryan Buchanan in Atlanta. They were also found guilty of conspiring to defraud the IRS and tax evasion, and Julie Chrisley was convicted of wire fraud and obstruction of justice.
Bruce Morris, an attorney for Todd Chrisley, said he was disappointed with the verdict and expects to appeal. Prosecutors alleged that the Chrisleys submitted fake documents to banks when applying for loans. They said Julie Chrisley also submitted a false credit report and fake bank statements when trying to rent a house in California. They used a company they controlled to hide income to keep the IRS from collecting unpaid taxes owed by Todd Chrisley, prosecutors said.
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