Todd Chrisley Had $50 Million Debt Before Being Sentenced to Prison

It has been revealed that Todd Chrisley was $50 million in debt before he was sentenced to 12 years in prison.

This comes before he and his wife Julie were found guilty of multiple charges.

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On his podcast Chrisley Confessions The couple revealed how their lives became a “whirlwind”.

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In May, a federal jury in Atlanta found him guilty of bank fraud and tax evasion.

It came after the couple were accused of creating false documents to obtain $30 million in bank loans and then filing for bankruptcy so they wouldn’t have to pay back $20 million. the people.

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Todd, fifty-three, and Jolie, forty-nine, have been stars in the background. Chrisley knows best. From March 2014. The reality television couple has 3 children, Chase, twenty-six, Savannah, twenty-four, and Grayson, sixteen. Todd also shares 2 children with his first wife Teresa Terry. Her other two children are Lindsay, thirty-two, and Kyle, thirty-two.

The television show features Todd, Julie and their children. Think To live the perfect southern life because their parents make their money in real estate.

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However, even though their lifestyle seems quite lavish, behind closed doors, there are definitely some cracks.

And the show wasn’t lying… because it was announced that the couple faced thirty years in prison after a jury found them guilty on all counts of bank and tax fraud.

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Todd and Julie were found guilty of bank fraud, tax fraud, and conspiracy to defraud the United States. Jolie was also convicted of wire fraud.

His lawyer, Bill Morris, said at the time that an “appeal” was underway.

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His lawyer gave a statement. the people: “Both Chrisley is devastated and disappointed by this decision and will pursue an appeal. Julie and Todd are very grateful for the love and support shown by their family, friends and fans. They are both strong in their faith.” And will continue to ‘fight’ until a decision is made in their favor.They have their priorities in order and are currently focusing on the well-being of their children and Todd’s mother, Elizabeth Faye Chrisley.

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The reality stars reportedly earned their $30 million in 2014, just 2 years before their show aired.

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In 2019, the couple was charged with state tax evasion but cleared at a Georgia hearing. However, he was not cleared of federal tax evasion, and the charges were still under investigation.

Many people had different opinions on this matter…

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One person took to Twitter. to say: “Todd and Julie Chrisley were found guilty of federal charges. The only evidence was that Todd Chrisley could be hiding in a closet.

one more wrote: “So Julie and Todd Chrisley would be guilty too. Look, even though it makes great TV, if you haven’t paid your taxes or hidden your money don’t go on reality TV! Period!

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“The background check you do before you go on TV will come back and cut you in the a**.”

But, some people thought differently.

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“Please be encouraged. Blessings are going to come your way. People always try to kick people when they think you’re down. But Todd Chrisley you’ve inspired so many people. Your Keep your head up and I’m praying for you and Julie,” one user wroteWith Todd Chrisley Answering “You are very kind, very much.”

The couple then broke their silence on being convicted of tax fraud…

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In a shocking turn of events, on their June 16 episode Chrisley Confessions Podcast, couples said: “We wanted to come out today and let everyone know that this is a very sad, heartbreaking time for our family right now.”

He even said that he has faith and “trust God to do the best.”

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Opening the famous duet saying: “God is a miracle worker” and “That’s what we’re ready for” – even as he still stands firm in his faith.

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“I know you all want to know every detail of what’s going on in our lives and I have to ask that you respect that we’re not allowed to talk about it at this time,” Todd said. ” said Todd.

Since then, fans have been pouring in their support, as Todd. revealed The couple had been receiving “tens of thousands of messages every day” since the June 9 verdict…

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According to E! Newspeople are “sending mail and gifts,” including having food delivered to their homes.

It doesn’t stop there, as the couple expressed that fans’ love is helping them weather the storm…

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“It’s the love that’s spread so far in this country for our family, that’s really helping us get up every day,” the couple said. “It’s a tough time right now.”

Todd said he was “grateful”…

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“We try to focus as much each week as we’re allowed to address,” he said. TMZ.

So, with all that’s going on…

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They seem to be trying to stay positive.

And on the June 22 episode of his podcast Chrisley Confessions

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Chrisley told her fans: “I want you all to know that the messages we’ve been getting, the mail we’ve been getting, the gifts people have been leaving on our doors, the flower arrangements you’ve been sending. Knows, I mean all these things. Just awesome and very much appreciated.”

But, he then added that “we don’t need anything,” before telling fans: “The best gift you can give us is prayer.”

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“We’re going to keep our heads up and continue to move forward and that’s where we’re at right now with things,” the reality television star said.

Sadly, it seems that prayers and good wishes did not protect them from the inevitable…

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Consequences of their own actions.

As now the couple has been sentenced to jail.

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“If he’s guilty, he should go, but as someone who’s watched the show from the beginning, I’m still sad. Especially for the kids, and especially those who are still minors. This will affect the most. So sad to see this family torn apart,” one fan wrote about the news.

“Wow, was hoping she would get less, I feel for her kids,” said another.

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While a third was slightly less sympathetic: “He’s been cheating for years……he’s just getting caught……so greedy….that’s what happens when you get too comfortable with him. Family Sadly for though… they are used to such lavish lifestyles….”

His fate was decided on Monday in Atlanta…

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Judge Eleanor Ross also gave the couple sixteen months of probation on top of their sentences.

On Monday, federal prosecutors ruled that Todd should spend 22 years behind bars, and Jolie 12…

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But his lawyers respectfully argued for a maximum of 9 years and probation only.

A compromise was reached, and Judge Ross then sentenced Todd to twelve years, while Julie was sentenced to seven years.

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Sadly, this has resulted in the cancellation of his hit TV shows.

“Please, I’d love to see you. Chrisley knows best. But I’d love a Chrisley Nose Beast: Jail Cell (uncut) version,” one fan wrote.

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While another commented: “USA….where financial crimes are punished more than p*duffels.

Chrisley knows best, which gained a massive following and ran for 9 seasons, has been axed…

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As well as the spin-off show, Growing Chrisley which is centered around their children.

A new dating series titled: Love the limo.The one Todd was supposed to host has also been canceled.

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Chase and Savannah’s spin-off show where they “go on a road trip from Nashville to Los Angeles to prove their independence,” has also now ended after 3 seasons.

So it looks like the kids are paying for their crimes too.

Since his prison sentence was handed down to him…

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Jolie’s lawyers have filed a special plea, which they hope will reduce her potential time behind bars.

Lawyers have requested that he maintain a close relationship with his family.

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According to ABC Newsthey have called for a sentence of probation, rehabilitation, and community service, saying Jolie had a minimal role in the dispute and has no prior convictions.

But before he was sent to court and arrested for cheating…

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It has been done revealed In which was Todd. too big Debt

Although the couple lived in a lavish mansion in Atlanta and spent thousands of dollars on clothes…

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Behind closed doors the story was different.

Over the years, Todd quietly struggled with his debt problems.

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And rather taking the honest route…

He became greedy.

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In 2012, Todd filed for bankruptcy. However, documents obtained by the people showed that he had listed assets of $4.2 million while his debts totaled $49.4 million.

At the time, Todd’s attorney told the outlet: “He guaranteed a real estate development loan and it failed.

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“He was on the hook for $30 million. If he didn’t have that, he would be fine financially.

Along with business bills, he owed $12 million on the mortgage, $600,000 to the IRS, and $4.4 million to his wife, all of which added up.

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With huge debt, the couple submitted false bank statements and personal financial statements to get the cash they needed.

Once they got the money…

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They allegedly spent it on luxury cars, clothes and travel and even used fraudulent loans to repay old debts.

what do you think

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