The post Trump Pardons ‘Chrisley Knows Best’ Stars, Yet IRS Tax Lessons Remain appeared on BitcoinEthereumNews.com.

CHRISLEY KNOWS BEST — Season:6 — Pictured: (l-r) Todd Chrisley, Julie Chrisley — (Photo by: Dennis … More Leupold/USA Network/NBCU Photo Bank via Getty Images) NBCU Photo Bank via Getty Images Todd and Julie Chrisley were convicted of tax evasion and bank fraud, and have been in prison since January 2023. Todd was sentenced to twelve years, and Julie was sentenced to seven years. But their long sentences ended when they were issued full pardons by President Trump. The President said he thought they had been treated harshly, but that is not unusual for the kind of bank fraud and tax evasion charges of which they were convicted. The Chrisleys may no longer need to worry about the big mistakes that landed them in jail, but there are still some big lessons in their case that remain important for observers. According to The Department of Justice Press Release when they were sentenced: “Todd and Julie Chrisley conspired to defraud community banks in the Atlanta area to obtain more than $36 million in personal loans. The Chrisleys, with the help of their former business partner, submitted false bank statements, audit reports, and personal financial statements to Georgia community banks to obtain the loans. The Chrisleys spent the money on luxury cars, designer clothes, real estate, and travel – and used new fraudulent loans to pay back old ones. After spending all the money, Todd Chrisley filed for bankruptcy and walked away from more than $20 million of these fraudulently obtained loans. Later, while earning millions from their TV show, Todd and Julie Chrisley, along with their accountant, Peter Tarantino, conspired to defraud the Internal Revenue Service…In addition, the Chrisleys failed to file tax returns or pay any taxes for the 2013, 2014, 2015, or 2016 tax years…The Chrisleys also attempted to…

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Filed under: News - @ June 1, 2025 2:22 pm