According to a statement from the Department of Justice, Todd Chrisley and his wife, Julie Chrisley, were found guilty of conspiracy to defraud banks out of more than $30 million in fraudulent loans.
The couple and their accountant were also charged with a number of tax offenses, including attempting to defraud the Internal Revenue Service.
Here is what Keri Garley, an FBI special agent, said in response to the verdict;
“As today’s outcome shows, when you lie, cheat and steal, justice is blind as to your fame, your fortune, and your position… In the end, when driven by greed, the verdict of guilty on all counts for these three defendants proves once again that financial crimes do not pay”.
Todd and his wife, according to the Department of Justice, defraud Atlanta banks by submitting forged bank statements in order to obtain loans. It went on to say that the two evade taxes while earning millions from their reality show.
Each of the Chrisleys could face up to 30 years in prison. The sentencing date has been set for Oct. 6 by U.S. District Judge Eleanor L. Ross of the Northern District of Georgia.
“Disappointed in the verdict,” Todd Chrisley’s lawyer, Bruce Howard Morris, wrote in an email on the couple’s behalf. “An appeal is in the works.”