Life is coming fast for Todd & Julie Chrisley, and their situation is quickly moving from bad to worse!
The reality-TV couple was on Monday sentenced to prison in Atlanta federal court on fraud convictions, several years after they were indicted for fraud-related crimes. Unfortunately, serving their time is not the only thing they need to worry about.
Todd & Julie Chrisley Face Possible Loss Of Two Of Their Homes
The Chrisleys bagged different jail terms, with the patriarch Todd carrying the heavier one of 12 years. On the other hand, his wife was sentenced to 7 years in prison, and both will also serve a 16-month probation term.
In addition, the couple might have to devise creative ways to pay off the $17.2 million in damages that Judge Eleanor Ross of the United States District Court in Atlanta ordered them to in relation to their $36 million fraud scheme.
Some insiders claim that the easiest way for the “Chrisley Knows Best” stars to cough up the money would be to let go of their two Nashville-based houses. The mansions will allegedly bring in roughly $9 million and would help to fulfill their obligation. One insider informed the New York Post, saying:
“They’re going to have to give up a lot of things, including their homes, sadly. They won’t be able to afford it, but their main concern now is their children, especially their youngest boy.”
As it stands, the Chrisleys’ 25-year-old daughter, Savannah, has assumed custody of their “youngest boy,” Grayson. Unfortunately, the 16-year-old was recently hospitalized after a crash on the Tennessee interstate.
Such instances of pain and regret have plagued the family since 2019 when Todd and Julie got indicted on 11 counts of tax evasion, conspiracy, and bank and wire fraud. It was not until June of this year that they got convicted after prosecutors proved that the pair used loans to fund their lifestyle of purchasing expensive cars and going on lavish holidays.
To that end, Julie submitted fake documents to banks whenever she applied for loans. Also, she presented false bank statements and credit reports when they wanted to rent a house in California.
The Blast added that the situation worsened when the parents of three founded a production company called 7C’s Productions, which served as a loan-out business for the money they accumulated through their famous reality series.
The couple had also successfully hidden money from the IRS by either failing to file tax returns in time — this happened for three years — or going as far as falsifying the numbers when the taxes were paid. The Chrisleys refuse to go down without a fight, as they have since expressed their intention to appeal their collective 19-year jail term.
Savannah Chrisley Gets Custody Of Grayson & Chloe After Parents’ Sentencing
Todd & Julie faced a challenging time when Savannah took over custody of Grayson and Chloe, their granddaughter. The ten-year-old girl is the daughter of Todd’s son, Kyle, from a previous relationship.
Per The Blast, the decision seemed the best option, as the family’s patriarch and matriarch would not be able to properly parent anybody for a few decades. Speaking on it during an episode of her “Unlocked with Savannah Chrisley” podcast, Savannah admitted how “hard” it was to sit in the courtroom. In her words:
“I know that the short term is going to be really difficult, and I may come home without both of my parents. That’s what the chances are, that’s the likelihood, and that’s my new normal. I come home Tuesday, and I have custody of a 16-year-old, I have custody of a 10-year-old, and we spend our first Thanksgiving, not as a family.”
The reality star later added that she would stand by her parents and their “innocence” because she knew what they “have done and haven’t done.” After announcing that the family would “continue to fight and file an appeal,” the podcast host acknowledged, “my heart also aches for the children of people who may be guilty of something.”
Savannah concluded that she had to be a “positive role model” to Chloe and Grayson and that no matter how difficult things got, she had to “show up.”