Todd & Julie Chrisley Placed On House Arrest Following Their Conviction

Reality TV couple Todd & Julie Chrisley have been detained in their homes after being found guilty of federal bank fraud and tax evasion charges.

The partners, known for their feature on USA Network's "Chrisley Knows Best," were involved in defrauding banks to take out loans to fund an extravagant lifestyle.

Although they were convicted on Tuesday, June 7, their sentencing is slated for October 6, hence their short-term release on bond and the order for their house arrest.

As reported by Insider, Judge Eleanor Ross, a federal judge in Atlanta, found Todd and Julie guilty on charges of running a longtime plan with falsified financial records.

They used the fake records to apply for loans from local banks, expending the $30 million in loaned funds to live lavishly.

According to the outlet, the jury discovered that a year after the real estate tycoon alleged bankruptcy and left $20 million in unpaid loans, he and his spouse became features on their family show.

It was also brought to light that the pair and their accountant Peter Tarantino concealed their financial resources from the IRS, owing over $500,000 in Todd's 2009 taxes.

Regarding their release terms, the couple was ordered to remain at home round the clock except if they were at work, school, religious service, or getting medical care. They must also give their probation officers heads-up whenever they spend over $1,000.

Julie's legal representative Christopher Anulewicz expressed his disappointment in the verdict, stating that an appeal would be filed.

The celebrity duo's primary defense was that the man who blew the whistle on them to the FBI was a sham. Nonetheless, they were convicted after three days of negotiations and a three-week trial.

Their final hearing is set for October 6, when each of them would face a maximum sentence of 30 years.

Mark Braddock, a co-owner of Todd's real estate company Chrisley Asset Management, confessed to the feds and in court that he had forged documents to get loans from banks for himself and the Chrisleys.

Braddock, given immunity by the government, presented emails from Todd's account, showing evidence of fraudulent activities that Todd's lawyer Bruce Morris argued could have been faked.

Morris tried to sway the jurors that Braddock may have possibly sent the emails, but the prosecutors revealed that fraud still went on even after Braddock and the Chrisleys hostilely parted ways.

The Blast recently shared that Todd & Julie were charged with eleven counts of tax evasion, bank and wire fraud, and conspiracy in 2019; however, the father-of-five denied all charges at the time.

They were ultimately found guilty, along with Tarantino, whose charges included aiding and abetting the filing of fake tax proceeds, among others.

Not only did the 53-year-old reality star and his 49-year-old wife participate in swindling schemes, but they also founded a loan-out production company named 7C's Productions.

The company was said to have been created to provide loans gotten from all the funds they gained from their famous television program.

Legal documents claimed that the duo did not record tax returns in time for three years, 2014 to 2016, despite having deposited millions of dollars into the company's account.

Even after paying taxes, Todd and Julie faked the numbers and the actual amounts to conceal the amount of money they owed.

Georgia-born TV personality Todd previously tried to launch a defensive strike against the then-imminent federal accusation; as a result, officials charged him and his wife with several federal offenses.

The federal indictment was filed in 2019 in the Northern District of Georgia, which The Blast reported and showed the eleven counts on which they were charged.

Throughout the TV personalities' fraudulent scheming, officials claimed they spent tons of dollars on extravagance, including shopping at electric stores, luxury department stores, and several other lavish sprees.

At the time, Todd and Julie alleged that they did not have enough money to settle their outstanding tax bills while expending thousands of dollars physically and on their spinoff show "Growing Up Chrisley."

The officials also claimed that the "What's Cooking with Julie Chrisley" star faked financial records by actually cutting and attaching figures from different documents.

While they denied the accusations, including Todd claiming a former employee falsified the presented evidence, more proofs were revealed, showing the couple may have indeed committed fraud.