Todd and Julie Chrisley expected to give up $9 million mansions to pay $17.2 million fine

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By Phoebe Egoroff

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Todd and Julie Chrisley are allegedly expected to give up their $9 million mansions in order to pay their $17.2 million fine, as the couple faces mounting legal woes.

As previously reported, the reality TV stars - who shot to fame on their family reality series Chrisley Knows Best - were sentenced on Monday (November 21) to a combined 19 years in prison after attorneys claimed the pair used false documents to get $30 million in bank loans. It was also alleged that the duo actively evaded paying taxes and is in debt of up to $20 million.

Variety reported that Todd, 53, and Julie, 49, concealed their earnings from their TV show from the IRS, with trial lawyers making damning statements about the couple's lavish habits: "Todd and Julie Chrisley are career swindlers who have made a living by jumping from one fraud scheme to another, lying to banks, stiffing vendors, and evading taxes at every corner."

"Their 'empire' was built upon the backs of defrauded community banks that collapsed while Todd Chrisley used the stolen money to fly to Los Angeles for bi-weekly haircuts," they added.

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The reality TV stars are facing a combined 19 years in prison after being sentenced this Monday (November 21). Credit: AFF / Alamy

Todd and Julie's daughter - 25-year-old Savannah - has since revealed on her latest podcast episode that she will have to take custody of her 16-year-old brother and 10-year-old niece while her parents serve their prison sentences.

"It's just really hard to sit here, four days before I go sit in the courtroom. I don't know what my fate is, what my family's fate is. I know that the short term is going to be really difficult and I may come home without both of my parents. That's what the chances are, that's the likelihood, and that's my new normal," she had said.

"I come home Tuesday, and I have custody of a 16-year-old and a 10-year-old, and we spend our first Thanksgiving, not as a family," she added.

Now, it's been revealed that couple may be forced to give up their Tennessee mansions - which cost a combined $9 million - so that they are able to pay part of their $17.2 million restitution that was ordered by the judge on their case in Atlanta, per PEOPLE.

"They're going to have to give up a lot of things, including their homes, sadly. They won't be able to afford it," a source told The New York Post. "But their main concern now is their children, especially their youngest boy."

It was confirmed by a legal professional that the couple will legally be expected to serve at least 85 percent of their sentences.

"And that's the minimum they're going to have to serve if they're model inmates. Unlike states where inmates can sometimes serve less than even half of their sentence, under federal statutes, you only get a slight reduction for good behavior," the attorney stated via PEOPLE. It was also speculated that the couple received higher sentences as a result of their continued denial of all charges.

Featured image credit: AFF / Alamy

Todd and Julie Chrisley expected to give up $9 million mansions to pay $17.2 million fine

vt-author-image

By Phoebe Egoroff

Article saved!Article saved!

Todd and Julie Chrisley are allegedly expected to give up their $9 million mansions in order to pay their $17.2 million fine, as the couple faces mounting legal woes.

As previously reported, the reality TV stars - who shot to fame on their family reality series Chrisley Knows Best - were sentenced on Monday (November 21) to a combined 19 years in prison after attorneys claimed the pair used false documents to get $30 million in bank loans. It was also alleged that the duo actively evaded paying taxes and is in debt of up to $20 million.

Variety reported that Todd, 53, and Julie, 49, concealed their earnings from their TV show from the IRS, with trial lawyers making damning statements about the couple's lavish habits: "Todd and Julie Chrisley are career swindlers who have made a living by jumping from one fraud scheme to another, lying to banks, stiffing vendors, and evading taxes at every corner."

"Their 'empire' was built upon the backs of defrauded community banks that collapsed while Todd Chrisley used the stolen money to fly to Los Angeles for bi-weekly haircuts," they added.

wp-image-1263179788 size-full
The reality TV stars are facing a combined 19 years in prison after being sentenced this Monday (November 21). Credit: AFF / Alamy

Todd and Julie's daughter - 25-year-old Savannah - has since revealed on her latest podcast episode that she will have to take custody of her 16-year-old brother and 10-year-old niece while her parents serve their prison sentences.

"It's just really hard to sit here, four days before I go sit in the courtroom. I don't know what my fate is, what my family's fate is. I know that the short term is going to be really difficult and I may come home without both of my parents. That's what the chances are, that's the likelihood, and that's my new normal," she had said.

"I come home Tuesday, and I have custody of a 16-year-old and a 10-year-old, and we spend our first Thanksgiving, not as a family," she added.

Now, it's been revealed that couple may be forced to give up their Tennessee mansions - which cost a combined $9 million - so that they are able to pay part of their $17.2 million restitution that was ordered by the judge on their case in Atlanta, per PEOPLE.

"They're going to have to give up a lot of things, including their homes, sadly. They won't be able to afford it," a source told The New York Post. "But their main concern now is their children, especially their youngest boy."

It was confirmed by a legal professional that the couple will legally be expected to serve at least 85 percent of their sentences.

"And that's the minimum they're going to have to serve if they're model inmates. Unlike states where inmates can sometimes serve less than even half of their sentence, under federal statutes, you only get a slight reduction for good behavior," the attorney stated via PEOPLE. It was also speculated that the couple received higher sentences as a result of their continued denial of all charges.

Featured image credit: AFF / Alamy