American entrepreneur, reality tv personality, and former felon Todd Chrisley have a $1.5 million fortune.
The factual television program “Chrisley Knows Best” on the USA Network helped Todd Chrisley gain widespread recognition.
Mr. Chrisley and his family’s daily activities are followed on the show.
On April 2, 2019, “Born And Raised Chrisley,” a spin-off series featuring Todd’s children Chase and Savannah, aired.
Conviction and Arrest
Sadly, after recently being found guilty of tax and fraud offenses, Todd and his wife Julie gained even more notoriety.
A grand jury charged Todd, Julie, and an accountant in 2019 on accusations of wire tax evasion and fraud.
The Chrisleys were charged with utilizing fabricated financial records, inflated individual economic statements, and bogus audits to defraud banks of $36 million.
The Chrisleys reportedly utilized the cash to support a very expensive way of living while evading taxes.
Todd once declared bankruptcy to get rid of the debt in the neighborhood of $20 million.
Wealth Management Chrisley
Todd Chrisley had run and owned Chrisley Wealth Management.
The company had been experiencing financial problems for a while.
A way of life includes possessing a 30,000-square-foot estate and shelling out $300,000 yearly for clothing.
Later, Chrisley Wealth Management would be prominent throughout Todd and Julie’s areas of law.
August 2019 Imprisonment
Todd and Julie Chrisley were detained on August 14 in Atlanta due to a multiple-count indictment.
Tax evasion, theft by deception, financial crimes, and conspiracy were among the early accusations.
The indictment claims that between roughly 2007 through 2012, Todd and Julie used Chrisley Wealth Management to apply for bank loans totaling $36 million, which they intended to use to purchase and sell foreclosures.
The indictment stated that the two reportedly used incorrect facts to get these borrowed funds.
The couple’s net wealth is said to have been greatly increased by this misleading information.