nein51 said:
boognish_bear said:
This stuff is so stupid. You gain nothing by doing it.
The grift
A jury in 2022 found the couple guilty of eight counts of financial fraud and two counts of tax evasion, while Ms. Chrisley was convicted of additional counts of wire fraud and obstruction of justice. Mr. Chrisley received a 12-year prison sentence, and Ms. Chrisley was sentenced to seven years.
According to the Justice Department, the Chrisleys conspired with a former business partner to defraud banks around Atlanta into giving them more than $36 million in personal loans. They submitted false bank statements, audit reports and personal financial statements to obtain the loans, the Justice Department said, and spent the money on luxury cars, real estate and clothing, while also using new fraudulent loans to repay older ones. After spending all the money, the Justice Department said, Mr. Chrisley filed for bankruptcy.
Then, after earning millions of dollars from their show, the Chrisleys, along with their accountant, Peter Tarantino, defrauded the I.R.S., prosecutors said. To avoid paying about $500,000 in back taxes that Mr. Chrisley owed, the couple opened corporate bank accounts in Ms. Chrisley's name, then transferred ownership of an account to a family member to hide their income from the I.R.S., prosecutors said.
Last year, an appeals court upheld the convictions of Mr. Chrisley and Mr. Tarantino but vacated the sentence of Ms. Chrisley, finding that the sentencing judge held her accountable for the entirety of the bank-fraud plot without specific evidence showing that she was involved in the first year of the scheme, 2006.