Todd and Julie Chrisley were indicted for tax evasion and a laundry list of other financial crimes in August of 2019
'Chrisley Knows Best' features the affable Southern family of Todd Chrisley who commands the household with an iron fist. There's no doubts or much thought needed to be given to figure out why the show turned became popular. The generous dose of humor that each episode of this unstructured reality show carries is beyond exceptional. Season 8 had premiered sometime early this year, however, six new episodes as it's a continuation, are about to go on air soon.
Even if the show is popular for the family's happy and carefree vibes laden with sarcasm, which only makes it all the more funnier, the lives of the people who feature on it aren't easy and they have their own set of mammoth issues to deal with. For instance, Todd Chrisley, who once made millions through his work in the real estate business, is worth nothing now. His wife, Julie, too has got no money left, it's been reported. The couple also faces 12 counts of federal charges against them, court proceedings for which have been underway for some time now.
What is Julie Chrisley's net worth?
The family's matriarch, Julie, wasn't born into wealth. She grew up in South Carolina, living the simple life as the daughter of a baptist minister/mechanic and a bank teller, according to Celebrity Net Worth, She then met Todd, it was the early '90s when they crossed paths with each other. He was married with two kids, Lindsie and Kyle. His ex-wife Teresa and him separated multiple times during the course of their marriage. She also filed a case of domestic abuse against the reality TV star back then claiming in one of the reports that he "battered" her. She dropped the case later and their divorce came through in 1996. He married Julie in May 1996, who gave birth to their first child, Chase, the very next month, in June 1996. Julie's net worth is an estimated $3 million dollars.
What is Todd Chrisley's net worth?
The flashy patriarch of the Chrisley family, Todd, once threw his son's laptop in the swimming pool, and didn't break a sweat. Appearing on the show's inaugural season in fancy clothes and equally fancier cars, the Chrisley's meant business. He once boasted that he shared the same neighborhood as Usher and Chipper Jones. He had made a name for himself, establishing himself as a real estate mogul, claiming to have once said that 95% of his multi-million dollar fortune through it, according to Investopedia.com
His estimated net worth is currently -5 million dollars, according to Celebrity Net Worth. Sometime, early this decade, Todd lost all the money, and was in the middle of two major bankruptcy cases - personal and corporate. He landed 'Chrisley Knows Best' deal in 2014, however, two years before that could happen, he'd already filed for Chapter 7 citing nearly $50M in debt. His assets were valued at $4.2M. He's also claimed that he had $100 in his wallet and $55 in his checking account.
The family had plans to open Chrisley & Company, a departmental store in Atlanta, Georgia where they first resided in a 30,000 sq ft home costing $3.3M. However, he and Julie collectively decided to downsize their lifestyle as well as their home. They now resided in a small house outside of Tennessee, Nashville, the price of which still was estimated at $3.38 million. Todd justified this move saying it was essential for their family's safety as fans of the show had began showing up in droves at their Atlanta house. His mortgage on that home is $12M and he reported about $600,000 in IRS late fees, debts and penalties.
The court case
Todd and Julie Chrisley were indicted for tax evasion and a laundry list of other financial crimes in August of 2019. The list included charges like conspiracy to commit bank fraud, bank fraud, wire fraud, conspiracy to defraud the United States, and tax evasion, according to a Distractify report. IRS charged them for not filing taxes on time in 2009, 2011 and 2012. They were accused of submitting false bank statements and false personal financial statements to banks in order to receive millions of dollars in loans, all of the money was used for personal benefit by them. They owed the state of Georgia $2M in taxes that they'd failed to file between the period of 2008-2016. The tax evasion charges were dropped later but 12 federal charges still remain intact.
FAQs
In 2022, they were convicted on all counts in a federal court in Georgia and sentenced to prison. They were also ordered to pay $17.2 million in restitution. Todd Chrisley, 55, reported to Federal Prison Camp Pensacola in January 2023, and Julie Chrisley, 51, reported to Federal Medical Center in Lexington, Kentucky.
How much do the Chrisleys owe the government? ›
Todd and Julie Chrisley were sentenced in November 2022, to 12 and seven years in prison, respectively. They were jointly ordered to pay $17.2 million in restitution and to forfeit the same amount.
Did the Chrisleys pay back their loans? ›
They failed to repay over $20 million in loans when Todd Chrisley declared bankruptcy. The Chrisleys hid income from their reality show and tried to evade payment of back taxes. The couple was ordered to pay restitution and a forfeiture money judgment of $17.2 million.
How much restitution do the Chrisleys have to pay? ›
In November 2022, Julie and Todd were sentenced on charges including fraud and tax evasion. Todd was sentenced to 12 years in prison and 16 months of probation while Julie was ordered to serve seven years in prison and 16 months of probation. The couple was also ordered to pay $17.8 million in restitution.
Do the Chrisleys still have money? ›
According to a DOJ press release, Todd Chrisley got into debt taking out fraudulent loans and spending the money on “on luxury cars, designer clothes, real estate, and travel—and used new fraudulent loans to pay back old ones.” After filing for bankruptcy, the Chrisleys walked away from their financial failing with $20 ...
Is Todd Chrisley in debt? ›
According to People, along with the business debt, Todd had several mortgages totaling $12 million, a $4.4 million loan from his wife, and a delinquent IRS bill for almost $600,000.
How much money did the Chrisleys embezzle? ›
In June 2022, a jury found them guilty of conspiring to defraud community banks out of more than $30 million in fraudulent loans. They also were found guilty of tax evasion and conspiring to defraud the IRS, and Julie Chrisley was convicted of wire fraud and obstruction of justice.
How much actual time will the Chrisleys spend in jail? ›
January 2023: Todd and Julie Chrisley report to prison
17, 2023, the pair reported to their respective prisons. Todd Chrisley began serving his 12 years at Federal Prison Camp Pensacola in Florida, while Julie Chrisley reported to the Federal Medical Center (FMC) Lexington in Kentucky to serve her seven-year sentence.
Why did the Chrisleys win a million dollars? ›
Todd and Julie Chrisley received $1 million to settle their lawsuit against a Georgia tax official, the family's attorney announced this week. The reality television personalities, who are serving prison sentences for federal bank fraud and tax evasion convictions, filed their lawsuit against the state in 2019.
How many homes do the Chrisleys own? ›
The Chrisleys own two stunning estates in Tennessee - one worth roughly $2.9 million and the other worth a whopping $6 million. They purchased the smaller home, located in Nashville, in 2016 for $1.6 million. And while it is the more modest of the two, the 5,229-square-foot abode is still pretty grand.
Where are the Chrisleys now in 2024? The disgraced reality TV stars are still serving their prison sentences. Todd Chrisley began his 12-year sentence at the Federal Prison Camp in Pensacola, Florida, on Jan. 17, 2023.
How many years did the Chrisleys Accountant get? ›
The accountant for convicted reality stars Todd and Julie Chrisley was sentenced to 36 months in prison for tax fraud. An accountant for Todd and Julie Chrisley was sentenced to 36 months in prison. Peter Tarantino assisted the Chrisleys in a fraud scheme that lasted years.
Who turned in the Chrisleys? ›
Todd Chrisley's attorney, Bruce H. Morris, blamed the couple's former employee, Mark Braddock, for impersonating Todd and committing the fraud behind the couple's back, reportedly turning on them after he was fired in 2012.
How much does Savannah Chrisley have? ›
Savannah Chrisley Net Worth 2024 (Forbes)
| Net Worth | $5 Million |
|---|
| Annual Income | $2 Million |
| Debts & Mortgage | $1.27 Million |
| Real Estate | $940,000 |
| Inheritance | $15 Million |
1 more rowChase's primary source of income comes from his appearances on reality TV shows. His involvement in Chrisley Knows Best and Growing Up Chrisley has been lucrative. Additionally, he has made guest appearances on popular TV programs like The View, WWE Raw, Today, and Steve Harvey, contributing to his earnings.
Did the Chrisleys win a million dollar lawsuit? ›
Todd and Julie Chrisley received $1 million to settle their lawsuit against a Georgia tax official, the family's attorney announced this week. The reality television personalities, who are serving prison sentences for federal bank fraud and tax evasion convictions, filed their lawsuit against the state in 2019.
Will the Chrisleys win their appeal? ›
Todd Chrisley's conviction has been upheld. Despite the fact that a three-judge panel on the 11th U.S. Circuit Court of Appeals overturned his wife Julie Chrisley's sentencing, the panel did deny the couple's appeal for their tax evasion and bank fraud convictions.
Who has the most money in the Chrisley family? ›
That's right, Julie has the heftiest net worth among her famous family members, which is estimated by Celebrity Net Worth to be around $1.5 million. “She is well-off. She has her own money,” Robert Furr previously told People, adding that Julie had even lent her own cash to Todd over the years.
