The 'Chrisley Knows Best' stars will be sentenced in October after they were convicted of defrauding community banks out of more than $30 million.
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.
They used a company they controlled to hide income to keep the IRS from collecting unpaid taxes owed by Todd Chrisley, prosecutors said. The trial began in mid-May, just days after E! announced that it was moving forward with a new dating series,"Love Limo," hosted by Todd Chrisley. While her husband was in bankruptcy proceedings, Julie Chrisley created false financial documents to rent a home in Los Angeles, prosecutors said. Once they were in the house, they failed to pay rent and the property owner filed an eviction lawsuit.