Todd and Julie Chrisley ‘devastated’ by guilty verdict in federal fraud trial, ‘actively pursuing an appeal’

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Todd and Julie Chrisley admitted they were “devastated and disappointed’ by the guilty verdict handed down in their federal fraud trial in Atlanta, Georgia, on Tuesday. The “Chrisley Knows Best” stars faced 12 counts of bank and wire fraud, tax evasion and conspiracy over a nine-year period in an indictment, which was initially filed in August 2019.

“The Chrisleys are devastated and disappointed with the verdict; however, they will be actively pursuing an appeal,” Julie’s lawyer, Steve Friedberg, told Fox News Digital on Wednesday. “They are grateful for all of the love and support they have received from their family, friends and fans. 

“They remain strong in their faith and are deeply concerned for the welfare of their children, as well as Todd’s mother, Elizabeth Faye Chrisley. They are determined to continue the ‘fight’ until justice prevails, and they are exonerated.”

The couple has three children together: Grayson, 16; Savannah, 24; and Chase, 26. Todd also has a son from his first marriage, Kyle, 30, and daughter Lindsie, 32, whom Julie legally adopted years ago at a young age.

In addition, Todd and Julie have custody of Kyle’s daughter, Chloe, who appears on the reality show.

Todd and Julie Chrisley 'devastated' by guilty verdict in federal fraud trial, 'actively pursuing an appeal'

Todd and Julie Chrisley will "appeal" the guilty verdict handed down in their federal fraud trial.
(Dennis Leupold, Getty Images)

Todd was convicted of conspiracy to commit bank fraud, bank fraud, conspiracy to defraud the United States and tax fraud. Julie was convicted of conspiracy to commit bank fraud, bank fraud, conspiracy to defraud the United States and tax fraud. She was also charged with wire fraud and obstruction of justice.

The trial began three weeks ago, and jury deliberations started on Friday, with a verdict delivered on Tuesday.

The Chrisleys could each face up to 30 years in prison, and a sentencing hearing will take place on another date.

Shortly after the verdict was revealed, Chrisley attorney Bruce Morris told Fox News Digital: “Disappointed with the verdict. Appeal is planned.”

‘CHRISLEY KNOWS BEST’ STARS JULIE AND TODD CHRISLEY: WHAT TO KNOW ABOUT THE REALITY TV COUPLE

Peter Tarantino, an accountant hired by the Chrisleys, is charged with one count of conspiracy to defraud the United States and two counts of willfully filing false tax returns. He was also found guilty.

After they were found guilty, U.S. District Judge Eleanor Ross allowed the Chrisleys to remain free on bond. But she placed them on location monitoring and home detention, meaning they can only leave the house for certain reasons, including work, medical appointments and court appearances. They also have to alert their probation officers to any spending over $1,000, according to the order entered Tuesday.

Morris argued in court that the Chrisleys were victims of Mark Braddock, who oversaw Chrisley Asset Management, and was responsible for the defrauding without the couple’s knowledge until they fired him in 2012.

Todd and Julie Chrisley 'devastated' by guilty verdict in federal fraud trial, 'actively pursuing an appeal'

The Chrisleys: Pictured: (l-r) Todd Chrisley, Julie Chrisley — (Photo by: Dennis Leupold/U Chase Chrisley, Grayson Chrisley, Julie Chrisley, Todd Chrisley, Chloe Chrisley, Savannah Chrisley, Faye Chrisley
( Dennis Leupold)

Prosecutors initially said in the indictment that the couple submitted fake documents to banks when applying for loans, that Julie also allegedly submitted a false credit report and fake bank statements when trying to rent a house in California, and that the couple then allegedly refused to pay rent a few months after they started using the home.

The Chrisleys also allegedly used their 7C production company to hide income to keep the IRS from collecting unpaid taxes owed by Todd. He also allegedly directed an employee to falsify income and asset documents.

In an Instagram post shared before the indictment was even released, Todd accused a former employee of stealing from the couple and bringing fake documents to the U.S. attorney’s office.

Prosecutors accused the couple of giving the former employee orders to falsify documents in an alleged scheme from 2007-2012, which also involved submitting fake bank and financial statements to financial institutions to get millions of dollars in loans. 

Todd and Julie did see a minor court victory in 2019 when the Georgia Department of Revenue cleared the couple of a $2 million state tax evasion charge stemming from a two-year investigation from nearly eight years of returns beginning in 2008.

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“Julie and I knew all along that we had done nothing wrong and that when the facts all came out, we would be fine,” Todd said in a statement at the time. “We’re just glad that the Department of Revenue was willing to keep an open mind and look at all the evidence.”

The Department of Revenue dropped its claim that the couple owed more than $2.1 million in unpaid state taxes, penalties and interest, and updated the total outstanding debt to under $110,000.

Todd and Julie Chrisley 'devastated' by guilty verdict in federal fraud trial, 'actively pursuing an appeal'

The Chrisley family posed for season one of their USA show in 2014. Todd and Julie Chrisley face up to 30 years each in jail for multiple counts of tax and fraud charges.
(Tommy Garcia/USA Network)

Between 2008-2016, the pair had overpaid taxes for four years and had a net liability of less than $77,000 in overdue taxes for just one year of incorrect filing in 2009, which has since been paid.

“Chrisley Knows Best” has followed the family for nearly one decade and originally premiered in March 2014 on the USA network. 

Todd and Julie initially lived in Georgia before moving their clan to Nashville, Tennessee, during the fourth season. The series was renewed for a 10th season set to air later this year, and new episodes begin again on June 23. Reruns of earlier seasons can be seen on Bravo, E! and on demand.

E! recently announced it is moving forward with a new dating series hosted by Todd, called “Love Limo.”

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