Reality TV star Todd Chirsley and his wife, Julie, have been found guilty of fraud.
The couple from “Chrisley Knows Best” had been on trial to face criminal bank fraud and tax evasion charges.
A jury found them guilty on all counts.
The case involved an allegation of $30 million in fraudulent bank loans the government says the Chrisleys took out to fund their lavish lifestyle and extravagant spending — even before becoming reality TV stars.
A second part of the case involved tax evasion, accusing the Chrisleys of trying to hide the millions made from the show so they wouldn’t have to pay a huge tax bill to the IRS.
The Chrisleys maintained they did nothing wrong and someone else had control of their finances.
Federal prosecutors said the Chrisleys’ wealth was a lie and the couple manufactured documents and defrauded area banks out of $30 million in loans, eventually filing bankruptcy and walking away from more than $20 million owed.
The US Attorney’s Office confirmed that the Chrisleys have not been remanded to jail. In a court filing late Tuesday afternoon, a judge ruled that the Chrisleys must remain under home confinement until their sentencing date.
“You shall be restricted to your residence at all times except for employment; education; religious service; medical, substance abuse, or mental health treatment; attorney visits; court appearances; court-ordered obligations; or other activities as pre-approved by the Court or probation officer until further notice of the Court. Defendants must alert probation officers to any spending over $1,000. All other conditions are to remain the same,” the ruling said.
So far, a sentencing date has not be determined.