Todd Chrisley has been dealt a hefty hand of karma.
The reality TV star found out his fate on Monday, November 22nd, following his bank fraud and tax evasion case.
Todd and his family will no longer grace our TV screens.
“Chrisley Knows Best” & Spinoff Shows Canceled!
“Chrisley Knows Best” and its spinoff, “Growing Up Chrisley,” have both been CANNED, according to Deadline.
The outlet reports, “Chrisley Knows Best” was renewed for a tenth season a month before the convictions and USA Network will air a handful of episodes, filmed before the trial, from this season next year.
“Growing Up Chrisley” moved to E! for its fourth season, which ended its run in October, after three seasons on USA Network.
Todd also had another reality series in the works with the E! network
The network had ordered a dating format called “Love Limo” and Todd was going to be the host the show, but that’s been scrapped as well.
Todd Is GUILTY & Was Sentenced To 12 Years In Prison
The reality TV stars were sentenced to a combined 19-years in prison and 32 months of probation.
Todd was handed down a sentence of 12 years behind bars plus 16 months of probation, while his wife, Julie Chrisley, was given seven years in prison and 16 months of probation.
Clearly, Chrisley DOESN’T know best.
Nope, not kidding!
Todd was found guilty of conspiring to defraud community banks out of more than $30 million of fraudulent loans, as well as a number of tax crimes, including conspiring to defraud the IRS, tax evasion.
The matriarch of the Chrisley family was found guilty of wire fraud and obstruction of justice.
Julie Chrisley Will Serve 7 years Behind Bars
The U.S. Attorney’s Office noted that before the pair became reality TV stars, they submitted false bank statements, audit reports, and personal financial statements to banks to obtain the millions of dollars in fraudulent loans and then spent the money on luxury cars, designer clothes, real estate, and travel and used new fraudulent loans to pay back old ones.
The Blast reported their accountant, Peter Tarantino, was sentenced to 36 months in prison for his involvement with the couple’s tax evasion charge.
Tarantino was convicted in June for running a scheme that involved defrauding banks and the IRS by taking out loans and then dodging creditors.
“Why did Tarantino conspire with the Chrisleys to defraud the IRS?” is the question that Assistant US Attorney Annalise Peters was asking during Monday’s hearing.
She states that it is possible that Tarantino got caught up in something that went way over his head.
Peters also pointed out that Tarantino was only paid about $40K for his work indicating that it wasn’t a great payoff for the amount of time he just received in prison.
She described Todd as a “charismatic criminal” alluding that this could be why Tarantino was so eager to help the couple.
The accountant apparently got lucky because Peters was asking for 41 months in prison which is still on the lower end of sentencing time but more than the 36 months he ended up with. Because Tarantino was not the “mastermind” of the money fraud, his lawyer pleaded for leniency and received it.
Daniel Griffin, Tarantino’s attorney asked for 18 months in prison for the older gentleman pointing out that community letters came pouring in to rally with him and also noting that he has donated to many charities and performed other acts of kindness.