Todd and Julie Chrisley have been convicted on all counts of bank and tax fraud. After a three-week trial, the couple could face up to 30 years in prison.
Todd and Julie were found guilty of conspiracy to commit bank fraud, bank fraud, conspiracy to defraud the United States and tax fraud. Julie was also convicted of wire fraud. The pair’s former accountant, Peter Tarantino, was also found guilty of conspiracy to defraud the United States and willfully filing false tax returns.
A sentencing has yet to be scheduled, but jurors began deliberations on Friday and a verdict was announced on Tuesday. The Chrisleys’ lawyer Bruce Morris shared with PEOPLE that the couple is “disappointed in the verdict” and added, “An appeal is planned.”
Their lawyer Steve Friedberg also shared “Both Chrisleys are devastated and disappointed with the verdict and will be pursuing an appeal. Julie and Todd are so grateful for the love and support shown by their family, friends and fans. They both remain strong in their faith and will continue the ‘fight’ until they are vindicated. They have their priorities in order and are currently concentrating on the welfare of their children and Todd’s mother, Elizabeth Faye Chrisley.”
According to the Atlanta Journal-Constitution, the couple was accused of creating false documents to secure $30 million in bank loans to fund their expensive lifestyle. They then filed for bankruptcy to avoid paying the $20 million+ that they owed. The Chrisleys reportedly intentionally “swindled” smaller banks to receive the loans between 2007 and 2012.