Todd Chrisley became a reality TV star on Chrisley Knows Best thanks to his flamboyant personality, his sharp tongue, and his love for flaunting his wealth. But now, Todd and his wife Julie are under federal indictment for tax evasion and fraud, and they say they did nothing wrong.
Back in 2017, Todd was a guest on The Domenick Nati Show, and he said at the time that he had been a resident of Florida for 15 years, and consistently paid between $750,000 to a million dollars a year in federal taxes. However, Florida doesn’t have a state income tax.
— E! News (@enews) August 13, 2019
He explained that if he doesn’t make money in Georgia, he doesn’t pay taxes in Georgia, and the federal government didn’t have a problem with his taxes because every year he writes them a big check.
But, in numerous court filings in 2010 and 2011, Todd claimed to be a resident of Georgia. And, during a 2013 bankruptcy deposition, Julie said that she and Todd lived in Georgia, not Florida.
A federal grand jury in Atlanta has now indicted Todd and Julie for multiple counts of conspiracy, bank fraud, wire fraud, and tax evasion. And they also indicted their accountant, Peter Tarantino.
According to the US Attorney’s Office, Todd and Julie obtained millions of dollars in loans by defrauding banks and they evaded federal taxes on their earnings. Prosecutors claim that the couple ran the scheme between 2007 and 2012 by fabricating documents and providing false information when applying for loans.
The prosecutors say that Todd made it appear that he had $4 million in a bank account that didn’t exist, and Julie fabricated documents by cutting and pasting them together. The indictment says that Todd allegedly told a business partner to “find a crooked accountant.”
However, the Chrisley Knows Best stars say that a former employee had been stealing money from the family during that time, and it was that person who committed the financial crimes.
In a lengthy Instagram post, Todd wrote that he fired the employee when they discovered what he was doing, and he also took the employee to court. And, to get revenge this employee went to the US Attorney’s office with forged documents to make it look like he and his wife were committing bank fraud and tax evasion.
More (thread): Those who follow the Chrisleys know that Todd Chrisley told fans last night there would be a federal indictment coming this week, but he blamed a former, disgruntled employee who he claimed gained immunity in the case by making up stuff to tell the Feds. @wsbtv pic.twitter.com/RrnOIVJg3U
— Nicole Carr (@NicoleCarrWSB) August 13, 2019
Todd says that he and his wife have nothing to hide, they have done nothing wrong, and they have evidence to back them up. He finished the post by quoting some Bible verses and saying that the family trusts that God will help them plead their case.
However, Todd’s estranged son Kyle is speaking out against his dad, saying that his dad often bragged about avoiding Georgia taxes, and he would “like to see him held accountable.”