In a sentencing memorandum, federal prosecutors suggested Todd Chrisley receive 17 1/2 to nearly 22 years in prison, and Julie Chrisley be sentenced to 10 to 12 1/2 years in prison.
on 12 counts, including tax evasion, conspiracy, bank fraud and wire fraud, in 2019. They were found guilty earlier this year. that Todd and Julie Chrisley conspired to defraud community banks in the Atlanta area to obtain more than $30 million in personal loans prior to the launch of their first television show in 2014. The Chrisleys and their former business partner submitted false documents to obtain the loans, and then spent the money on cars, clothes, real estate and travel.
When the IRS asked for information about their bank accounts, they transferred their loan-out company's corporate account to Todd Chrisley's mother in an effort to hide from the IRS. However, Todd Chrisley was still operating the loan-out company behind the scenes, Buchanan said. The couple's accountant, Peter Tarantino, was also found guilty of conspiring to defraud the IRS and filing two false corporate tax returns on behalf of the Chrisleys' company. On those tax returns, he falsely claimed that their company earned no money and made no distributions in 2015 and 2016.
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