5 Things To Know About The Accusations Against Reality TV Star Todd Chrisley
The multimillionaire real estate developer and entrepreneur turned reality TV star and his wife were found guilty on several charges and could face up to 30 years in prison.
Reality television stars Todd and Julie Chrisley have broken their silence about being found guilty of conspiracy to defraud banks.
“I know all of you guys are wanting to know every detail that is going on in our lives, and I have to ask that you respect that we’re not allowed to talk about it at the present time,” Todd Chrisley said on the show. “There will come a time to where all of it is discussed.”
He added, “we did want to come on today and let everyone know that it’s a very sad, heartbreaking time for our family right now, but we still hold steadfast in our faith, and we trust that God will do what he does best because God’s a miracle worker and that’s what we’re holding out for.”
Here are five things to know about the case.
The Chrisleys were found guilty on federal charges.
In early June, Todd and Julie Chrisley, stars of the reality show Chrisley Knows Best, were found guilty of five counts of bank fraud, one count of conspiracy to commit bank fraud, one count of conspiracy to defraud the United States, and one count of tax fraud.
Additionally, Julie, who allegedly created a fake credit report and false bank statements to rent a home, was found guilty of one count of wire fraud and one count of obstruction of justice, according to The Tennessean.
The U.S. Attorney Office said the Chrisleys faked greater wealth than they had to get loans from multiple banks.
During the trial, Assistant U.S. Attorney Annalise Peters said the couple “made up documents” to “get whatever they want, whenever they want it,” according to reporting by Insider.
The indictment showed the Chrisleys allegedly sent a false document claiming they had $4 million in a Merrill Lynch bank account. Peters explained the document was false since Chrisley didn’t open an account with the company until 2008. When he did, he never had more than $17,000.
According to the Atlanta Journal-Constitution, the Chrisleys inflated their net worth and purposely targeted smaller banks from 2007 to 2012, that did less diligence than larger institutions. Todd Chrisley also filed for bankruptcy in 2012 that erased $20 million in loan debt.
Peters also alleged the couple used their film production company to actively hide millions they made from their reality show, which began in 2014, and claimed the couple actively evaded taxes going back to 2009, as reported by The Tennessean.
Todd and Julie Chrisley claim their former employee committed the crimes behind their backs.
Bruce Morris, an attorney for the reality duo, said Mark Braddock, a former employee of the Chrisleys,who oversaw their company, allegedly committed the fraud by impersonating Todd after he was fired in 2012, according to InTouch Weekly.
But, according to Insider, Assistant U.S. Attorney Peters said the fraud continued long after Braddock was terminated.
Peters said the Chrisleys “continued to lie through their teeth” to defraud banks.
According to Insider, Braddock and Todd met in the early 2000s through their children’s school and became friends. Braddock worked for Todd’s foreclosure-management businesses until 2012.
Braddock, who was granted immunity for his cooperation, testified that he created fake documents to inflate the Chrisleys’ wealth.
Mark Braddock, the former employee, alleges an affair with Todd.
“I was complicit in giving him what he needed. We had a personal relationship of an intimate nature. I would do whatever he needed to get done,” Braddock testified, per Insider. Braddock also claimed the two had an intimate relationship for a year. A claim Todd Chrisley has vehemently denied.
US Weekly reported that the Chrisleys' attorney said Braddock was “obsessed” with Todd and went to the FBI for "protection and revenge.”
He also alleged Braddock stole from the couple.
The Chrisleys are out on bond.
According to the Atlanta Journal-Constitution, the U.S. district judge agreed to allow the Chrisleys to be out on bond, but they have to wear ankle bracelets and remain home with the exception of work, medical appointments, and court appearances.
If they spend more than $1,000 at one time their probation officers will be notified.
According to The Tennessean, they will be sentenced at a later date and could face up to 30 years in prison.