A federal trial is underway in Atlanta for reality TV stars Todd and Julie Chrisley, who are accused of bank fraud and tax evasion. U.S. District Judge Eleanor Ross said jury selection was scheduled to take place on Monday with opening statements expected on Tuesday.
Here’s what we know about the trial and where the Chrisleys are at now.
What are the Chrisleys accused of?
The two Chrisleys are charged with one count of conspiracy to commit bank fraud, five counts of bank fraud, one count of conspiracy to defraud the United States and one count of tax evasion. Julie Chrisley is also charged with one count of wire fraud and one count of obstruction of justice.
The Chrisleys were originally charged with tax evasion in August 2019 and a new indictment was filed in February this year. Prosecutors allege the couple submitted false documents to the banks when applying for the loan. Julie Chrisley also submitted a fake credit report and bank statements while trying to rent a home in California, then the couple refused to pay rent months after they started using the home, the indictment alleges. .
The Chrisleys also used a film production company they controlled to hide income to prevent the IRS from collecting unpaid taxes owed by Todd Chrisley, prosecutors say.
In 2019, Todd Chrisley denied any wrongdoing in a lengthy Instagram post. He said he knew he and his wife were going to be named in a federal indictment for tax evasion “and probably a bunch of other financial crimes as well.”
Indictment: fake bank statements and credit reports
Todd and Julie are accused of submitting false bank and financial statements to financial institutions to obtain millions of dollars in loans, much of which they used for personal gain from at least 2007 to 2012, according to the indictment. They tried to hide their involvement by falsely claiming they had no idea their then-employee had submitted false documents, according to the indictment.
Julie Chrisley sent a fake credit report and bank statements showing far more money than they had in their accounts to a California landlord in July 2014 when he was trying to rent a house, according to the deed of accusation. A few months after they started using the house, in October 2014, they refused to pay the rent, forcing the landlord to threaten them with eviction.
The money the Chrisleys received from their TV show went to a company they controlled called 7C’s Productions, but they did not report it as income on federal tax returns, prosecutors said. The couple failed to file or pay their federal income taxes on time for several years, according to the indictment.
Chrisley’s accountant also accused
Peter Tarantino, an accountant hired by the Chrisleys, is charged with one count of conspiracy to defraud the United States and two counts of willfully filing false tax returns. He is about to stand trial alongside the Chrisleys.
The indictment says Tarantino helped the Chrisleys hide their income and lie on their tax returns, telling the IRS that Todd Chrisley didn’t have enough money to pay a tax debt from 2009 despite money coming into their production company that they spent on personal purchases, the indictment says.
He also filed false tax returns for 7C’s Productions to make it look like the company wasn’t making any money, the indictment alleges.
The Chrisleys and Tarantino pleaded not guilty to the charges and were released on bail.
Are the Chrisleys still on TV?
The series “Chrisley Knows Best” has just been renewed by the United States for a 10th season, while the spin-off “Growing Up Chrisley”, starring children Chrisley Chase and Savannah living in Los Angeles, has just been renewed. to be renewed for a fourth season. E! recently announced that he was also moving forward with a new dating series“Love Limo”, hosted by Todd Chrisley, a few days before the start of the course.
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Where do the Chrisleys live now?
After moving from suburban Atlanta, Todd and Julie currently live in Nashville where they announced in 2021 that they planned to open a Southern Home Cooking Restaurant in Nashville, in addition to a “chic” champagne bar. The Chrisleys, who moved from Atlanta to Nashville in 2015, said they were looking for a place in Green Hills or Belle Meade.
“If we’re going to participate in something, I want to participate in something fancy, and you’re not here fighting,” Todd told the Tennessean in August 2021. “It seemed like a classier version.”