When it rains, things seem to get worse for the Chrisley family.
Maybe “Chrisley Knows Best” stars Todd and Julie don’t know best, and just when they thought they had hit rock bottom, things are about to get even worse for them.
After being sentenced to a total of 19 years in prison for bank fraud, tax evasion, and giving banks fake documents, it looks like they will also have to give up their two fancy homes.
In response to their $36 million fraud scheme, Judge Eleanor Ross of the US District Court in Atlanta told the reality stars to pay back $17.2 million. Sources tell hat they will probably have to give up their two mansions in Nashville, Tennessee, which are worth about $9 million, to meet their obligation.
They’re going to have to give up a lot of things, including their homes, sadly. They won’t be able to afford it,
the insider said.
But their main concern now is their children, especially their youngest boy.
The couple was sentenced a few days after their 16-year-old son, Grayson Chrisley, crashed on a Tennessee highway and was taken to the hospital. Todd and Julie have a 26-year-old son named Chase and a 25-year-old daughter named Savannah.
Savannah told that she is in charge of her brother Grayson and her niece Chloe now that her parents are in prison.
When the couple first moved to Music City in 2016, they spent $1.6 million on a four-bedroom home in Belle Meade. Zillow says that this property, which is more than 5,200 square feet, is worth about $2.88 million right now.
After three years, they spent $3.37 million on a second, bigger home in the Brentwood neighborhood. The Chrisleys tried to sell this six-bedroom, nine-bathroom home, which is now thought to be worth $5.97 million, only two months after they bought it.
Since then, the 13,200-square-foot home has been on and off the market with a price tag of $4.7 million on average. But since no one wanted to buy it, they took it off the market in May 2020.
Check on Chrisley Knows Best Cancelled as well.
Todd, who is 54 years old, was given a sentence of 12 years in prison and 16 months of supervision. Julie, who is 49, got seven years in prison and 16 months of probation instead of a longer sentence.
Prosecutors also said that Julie gave a fake credit report and fake bank statements when she tried to rent a house in California. They also said that the couple refused to pay rent a few months after they moved in.
Over the course of a decade, the defendants defrauded banks out of tens of millions of dollars while evading payment of their federal income taxes,
US Attorney Ryan K. Buchanan said in a statement.
Their lengthy sentences reflect the magnitude of their criminal scheme and should serve as a warning to others tempted to exploit our nation’s community banking system for unlawful personal gain.
