Stars of the popular reality TV show Chrisley Knows Best, Todd and Julie Chrisley were found guilty of financial fraud and tax evasion, with each facing up to 30 years in prison.
Chrisley Knows Best is USA Network’s most watched current original series and depicts a family with traditional values who happen to be enormously rich. According to court documents, most of their wealth is based on fraud.
In one example, the Chrisley’s obtained a loan worth millions of dollars by using a bank statement saying they had four million dollars in a Merrill Lynch account, when no such account existed. Julie Chrisley was accused of repeatedly using glue and tape to falsify documents.
The couple used the money from the loans to buy luxury cars, designer clothes, real estate and travel. At the same time, they filed for bankruptcy and walked away from more than 20 million dollars in debt.
NBC Universal had just announced that the show was renewed for a 10th season, and a new series, Love Limo, a dating show hosted by Todd Chrisley, would begin next year. Production on both is now on hold.