Federal prosecutors say Todd and Julie Chrisley should face up to 22 years in prison for defrauding community banks out of tens of millions of dollars and then obstructing the investigation against them.
A federal grand jury found the couple, who starred in the reality show “Chrisley Knows Best,” guilty on charges of criminal bank fraud and tax evasion in June.
Prosecutors said the Chrisleys took out 30 million dollars in fraudulent bank loans to fund their lavish lifestyle and extravagant spending and used a film production company they controlled to hide income to keep the IRS from collecting unpaid taxes.
The Chrisleys maintain someone else had control of their finances.
The sentencing hearing is scheduled for November 21.
Do you think the Chrisleys will go to jail? For how long? Should they?