Tv personalities sentenced to years in federal jail for fraud and tax evasion | USAO-NDGA

ATLANTA – Todd and Julie Chrisley had been sentenced to 12 and 7 years, respectively, in federal jail after a jury convicted them of counting financial institution and tax fraud after an almost three-week jury trial.

“Over the course of a decade, the defendants defrauded banks of tens of thousands and thousands of {dollars} whereas evading their federal revenue taxes,” mentioned US Legal professional Ryan Ok. Buchanan. “Their prolonged sentences replicate the magnitude of their legal scheme and may function a warning to others tempted to use our nation’s neighborhood banking system for unlawful private achieve.”

“As this sentence demonstrates, whenever you lie, cheat and steal, justice doesn’t see your fame, fortune and place,” mentioned Keri Farley, particular agent accountable for the FBI Atlanta. “The FBI is proud to work with our legislation enforcement companions on the IRS and the US Legal professional’s workplace to pursue and prosecute people pushed by greed to evade the legislation.”

“The Chrisleys defrauded monetary establishments and the federal authorities by way of tax evasion and different fraudulent means in an effort to reduce their tax legal responsibility whereas projecting a picture of wealth,” mentioned James E. Dorsey, Particular Agent in Cost , IRS Legal Investigation, Atlanta. area workplace. “This ruling serves to warn that, no matter an individual’s movie star standing, there are severe penalties for defrauding the American tax system.”

In line with US Legal professional Buchanan, the fees and different info filed in court docket: Todd and Julie Chrisley conspired to defraud neighborhood banks within the Atlanta space to acquire greater than $36 million in private loans. The Chrisleys, with the assistance of their former enterprise associate, submitted false financial institution statements, audit studies, and private monetary statements to Georgia neighborhood banks to acquire the loans. The Chrisleys spent the cash on luxurious automobiles, designer garments, actual property and journey, and used new fraudulent loans to repay previous ones. After spending all the cash, Todd Chrisley filed for chapter and withdrew over $20 million of those fraudulently obtained loans.

Later, whereas incomes thousands and thousands from their tv present, Todd and Julie Chrisley, together with their accountant, Peter Tarantino, conspired to defraud the Inside Income Service. All through the conspiracy, the Chrisleys operated a mortgage firm. To keep away from accumulating half one million {dollars} in delinquent taxes owed by Todd Chrisley, the Chrisleys opened and maintained company financial institution accounts in Julie Chrisley’s title solely. However after the IRS requested details about the financial institution accounts in Julie Chrisley’s title, the Chrisleys transferred possession of the company checking account to a relative to additional conceal their revenue from the IRS.

Moreover, the Chrisleys didn’t file tax returns or pay taxes for tax years 2013, 2014, 2015, or 2016. As a part of the tax evasion scheme, Tarantino was convicted of submitting two false company tax returns for the mortgage firm, that falsely claimed that the corporate didn’t make any cash or make any distributions in 2015 and 2016.

The Chrisleys additionally tried to impede justice earlier than being charged and throughout the trial. After studying of the grand jury investigation, Julie Chrisley filed a fraudulent doc in response to a grand jury subpoena to make it seem the Chrisleys had not lied to the financial institution after they transferred possession of the mortgage firm’s checking account to his relative.

On June 7, 2022, a jury convicted the Chrisleys on all counts of a better indictment, together with conspiracy to commit financial institution fraud, financial institution fraud, wire fraud, and conspiracy to commit tax evasion. The jury convicted Julie Chrisley of 1 further cost of obstruction of justice. Tarantino was additionally convicted of a number of tax-related violations.

United States District Decide Eleanor L. Ross sentenced the defendants as follows:

  • Todd Chrisley, 54, of Brentwood, Tennessee, was sentenced to 12 years in jail adopted by three years of supervised launch.
  • Julie Chrisley, 49, of Brentwood, Tennessee, was sentenced to seven years in jail adopted by three years of supervised launch.
  • Peter Tarantino, 60, of Alpharetta, Georgia, was sentenced to 3 years in jail adopted by three years of supervised launch.

As a part of the judgment, the Courtroom ordered each Todd and Julie Chrisley to pay restitution and can decide the precise quantity at a later date.

This case was investigated by the FBI and the IRS Legal Investigations Division.

Assistant United States Attorneys Thomas J. Krepp, Annalize Ok. Peters, Alex R. Sistla, Sekret T. Sneed, Vivieon Ok. Jones, and Amy Palumbo prosecuted the case.

For extra info, contact the US Legal professional’s Workplace of Public Affairs at USAGAN.PressEmails@usdoj.gov or (404) 581-6016. The Web handle for the US Legal professional’s Workplace for the Northern District of Georgia is http://www.justice.gov/usao-ndga.

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