Todd and Julie Chrisley Found Guilty of Bank Fraud and Tax Evasion After Trial

An Atlanta federal jury has found Todd and Julie Chrisley guilty of bank fraud and tax evasion. Find out more about the verdict below.

By Tamantha Gunn Jun 07, 2022 10:40 PMTags
Watch: Todd & Julie Chrisley Found Guilty on Federal Charges

Todd and Julie Chrisley have learned their fate.

After nearly three weeks of testimony from prosecutors and witnesses, an Atlanta federal jury found the reality stars guilty of tax evasion and bank fraud, according to a press release from the U.S. attorney's office for the Northern District of Georgia obtained by E! News.

The Chrisley Knows Best stars were federally indicted in Aug. 2019 on 12 counts, including wire fraud, conspiracy to commit bank fraud and conspiracy to defraud the United States, according to a court document obtained by NBC News.

The pair pleaded not guilty to the charges, but were found guilty on all counts on June 7, per the Associated Press

The U.S. attorney's office alleged the Chrisleys conspired to defraud banks out of more than $30 million of personal loans using false bank statements and more.

"As today's outcome shows, when you lie, cheat and steal, justice is blind as to your fame, your fortune, and your position," said Keri Farley, Special Agent in Charge of FBI Atlanta, in a statement obtained by E! News. "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."

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The couple faces up to 30 years behind bars, according to Insider. They will be sentenced at a later time.

"Disappointed in the verdict," Todd's attorney Bruce Morris told E! News, adding that an appeal is planned.

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Following the indictment, Todd shared a message denying any wrongdoing. "We have nothing to hide and have done nothing to be ashamed of," he wrote on Instagram, alongside a picture of his family. "Not only do we know we've done nothing wrong, but we've got a ton of hard evidence and a bunch of corroborating witnesses that proves it."

Todd blamed the legal drama on a former employee who was fired in 2012 after the Chrisleys learned the employee had been "stealing from us big time." He said the worker retaliated against the family by sending "phony documents" to the U.S. attorney's office and telling federal prosecutors that "we had committed all kinds of financial crimes."

However, federal prosecutors alleged Todd, his wife Julie and their accountant, Peter Tarantino, submitted fake bank documents and lied about their wealth when applying for loans from 2007 to 2012, per Insider, who cited court documents. 

Todd, Julie and Peter were each charged with 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 was charged with one count of obstruction of justice and one count of wire fraud, while the accountant was also hit with two counts of willfully filing false tax returns.

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In Oct. 2019, Todd and Julie were cleared of a state tax evasion charge in Georgia, E! News confirmed. After the Georgia Department of Revenue accused the couple of evading nearly $2 million in state taxes between 2008 and 2016, the office later revealed that the couple had actually over-paid the state and had a net liability of less than $77,000 in overdue taxes for just one year of incorrect filing.

"Julie and I knew all along that we had done nothing wrong and that when the facts all came out, we would be fine," Todd shared in a statement to E! News at the time. "We're just glad that the Department of Revenue was willing to keep an open mind and look at all the evidence."

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