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Wednesday, 08 June 2022 – Reality TV stars, Todd Chrisley and Julie Chrisley have been found guilty of conspiracy to defraud banks out of more than $30 million in fraudulent loans, according to a press release from the Department of Justice.
The couple and their accountant, Peter Tarantino, were also convicted of several tax crimes, including attempting to defraud the Internal Revenue Service, the release from U.S. Attorney for the Northern District of Georgia, Ryan K. Buchanan, said.
“As today’s outcome shows, when you lie, cheat and steal, justice is blind as to your fame, your fortune, and your position,” Keri Garley, a special agent in charge of FBI Atlanta, said in a statement.
“In the end, when driven by greed, the verdict of guilty on all counts for these three defendants proves once again that financial crimes do not pay.” Garley added
The jury also found Julie Chrisley guilty of wire fraud and obstruction of justice.
According to the DOJ, evidence in the case showed that the Chrisleys, best known for their reality show ‘Chrisley Knows Best,’ conspired to defraud community banks in the Atlanta area out of more than $30 million in personal loans before becoming reality TV stars.
They were able to obtain the loans by submitting false bank statements, audit reports and financial statements, the news release said. The money was then used to buy luxury cars, designer clothes, real estate and travel, according to the DOJ
Then, while earning millions of dollars on their reality show, the Chrisleys, along with Tarantino, conspired to defraud the IRS and evade collection of delinquent taxes, the press release stated.
The sentencing for Todd Chrisley and Julie Chrisley as well as Tarantino has been scheduled for October 6.
In a statement to CNN, Bruce Morris, one of Todd Chrisley’s attorneys said they are “disappointed in the verdict,” adding that “an appeal is being planned.”
Stephen Friedberg, attorney for Julie Chrisley, said in a statement to CNN, “Obviously the Chrisleys are devastated and disappointed, but will be pursuing an Appeal. They are grateful for all of the love and support they have received from their Family, friends, and fans. They remain strong in their faith and are deeply concerned for all of their children, as well as Todd’s mother, Elizabeth Faye Chrisley. They are looking forward to continue the fight until justice is obtained and they are ultimately vindicated.”