Reality stars Todd and Julie Chrisley will serve prison time in their federal tax evasion scheme as their reality shows were cancelled, according to reports.
Todd has been sentenced to 12 years in prison in a tax evasion scheme and his wife Julie will serve 7, according to a just-announced judgement, reports TMZ. The Chrisley Knows Best stars also received 16 months probation for the scheme which saw the two obtain millions of dollars in loans based on false financial statements and evading federal income taxes.
According to Deadline, the reality show has been cancelled but will still air a few previously-filmed episodes of Season 10 sometime in 2023. Spinoff Growing Up Chrisley, which followed kids Chase and Savannah, has also been put on pause. (The series was moved to E! from USA for Season 4, which finished airing in October.)
Peter Tarantino, the couple’s accountant, was sentenced to 3 years in prison for the tax evasion scheme after being found guilty of filing two false corporate tax returns on behalf of the Chrisley’s company, the outlet reported.
Todd Chrisley was facing up to 22 years in prison while Julie could have been sentenced to up to 12 and a half years. According to various reports, the couple defrauded banks out of over $30 million in fraudulent loans and then failed to pay their federal income taxes, in addition to other financial crimes.