Todd and Julie Chrisley may lose their Tennessee houses as a result of their $36 million fraud indictment.
The Chrisley Knows Best couple will reportedly have to sell their two Nashville houses, which are worth a combined $9 million, in order to pay the $17.2 million in restitution that Judge Eleanor Ross of the U.S. District Court in Atlanta has mandated.
“Sadly, they will have to part with a lot of stuff, including their homes. They won’t have the money for it “An insider told the newspaper this. But their youngest boy and other youngsters are now their primary worry.
Together, Todd and Julie are parents to three kids: Grayson, 16, Savannah, 25, and Chase, 26. Additionally, they are responsible for looking after Todd’s 10-year-old granddaughter Chloe, who is the child of his estranged son Kyle, 31, from a previous marriage.
Todd, 54, was given a 12-year prison term on Monday for bank fraud and tax evasion, while Julie, 49, received a seven-year sentence for her part in the offences.
Neama Rahmani, a former federal prosecutor and the head of West Coast Trial Lawyers, confirmed to PEOPLE that the Chrisley pair is anticipated to spend “85 percent of their sentence” under federal law, despite having no connection to the Chrisley case.
Getty Images for E3 Chophouse Nashville, Danielle Del Valle
And if they’re model inmates, that’s the least amount of time they’ll have to serve, according to Rahmani. Contrary to state law, where prisoners may occasionally serve less than half of their term, federal law only allows for a little sentence reduction for good behaviour.
The couple, who will begin serving their prison terms at the start of the new year, earned “heavy penalties,” according to Rahmani, since “they didn’t accept any responsibility, even after they were convicted.”
Insider claims that Julie broke down throughout the trial as she thought back on a chat she had with her granddaughter Chloe. No child should feel that way, she said, to hear your 10-year-old declare that she doesn’t want to live if their mother leaves.
On Monday’s edition of her podcast Unlocked with Savannah Chrisley, Savannah talked openly about the idea of getting custody of Chloe and her brother Grayson before her parents were sentenced to prison.
She remarked on the show, “It’s just incredibly hard to sit here, four days before I go sit in the courtroom. “I don’t know what will happen to me or my family. I’m aware that the near future will be extremely challenging and that I might return home without both of my parents. That’s the possibility, those are the chances, and that’s my new normal.”
She continued, “I come home Tuesday, and I have custody of a 16-year-old, I have custody of a 10-year-old, and we spend our first Thanksgiving not as a family.” She started to become emotional as she said this.
