Todd and Julie Chrisley will have to give up $9M mansions to pay $17.2M fine

When it rains, it pours for the Chrisley family.

Maybe Todd and Julie, stars of “Chrisley Is aware of Greatest,” don’t really know finest — and issues are about to get even worse for the duo simply after they thought they'd hit all-time low.

After they have been sentenced to a mixed 19 years in jail on financial institution fraud and tax evasion costs, along with submitting false paperwork to banks, it seems they'll have to surrender their two glam properties as nicely.

Choose Eleanor Ross of the US District Courtroom in Atlanta ordered the truth stars to pay $17.2 million in restitution in relation to their $36 million fraud scheme. And sources inform The Publish they’ll doubtless have to surrender their two Nashville, Tennessee, mansions value roughly $9 million with a purpose to fulfill their obligation.

“They’re going to have to surrender plenty of issues, together with their properties, sadly. They received’t be capable of afford it,” the insider mentioned. “However their most important concern now's their youngsters, particularly their youngest boy.”

Todd and Julie Chrisley purchased this six-bedroom, 10-bathroom home back in 2019 for $3,37 million.
Todd and Julie Chrisley bought this six-bedroom, 10-bathroom dwelling again in 2019 for $3,37 million. That is their second Tennessee dwelling.
Zeitlin Sotheby's Worldwide Realty

The information of the couple’s sentencing comes days after their youngest son, 16-year-old Grayson Chrisley, was hospitalized for a crash on the Tennessee interstate. (Todd and Julie additionally share son Chase, 26, and daughter Savannah, 25.)  

Savannah lately revealed she has custody of her brother Grayson and niece Chloe after her mother and father have been sentenced to jail.

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The formal dining room.

The formal eating room.
The chef's kitchen.

The chef’s kitchen.

Commercial
The breakfast area leads into a den.

The breakfast space leads right into a den.
The laundry room.

The laundry room.

Commercial
The pool and spa.
The pool and spa.
Zeitlin Sotheby's Worldwide Realty

In 2016, when the couple first moved to Music Metropolis, they bought a Belle Meade four-bedroom dwelling for $1.6 million. That property, which spans greater than 5,200 sq. toes, is value an estimated $2.88 million as we speak, in response to Zillow.

Three years later, they bought a second and greater dwelling within the Brentwood neighborhood for $3.37 million. Now value an estimated $5.97 million, the Chrisleys tried to flip this six-bedroom, nine-bathroom dwelling solely two months after the acquisition.

The 13,200-plus-square-foot dwelling has since glided on and off the market with a median price ticket of $4.7 million. However with none presents, they took the house off the market in Might 2020.

Todd, 54, was sentenced to 12 years behind bars and 16 months of probation. Julie, 49, acquired a lighter sentence of seven years in jail and 16 months of probation.

This is the first Nashville house the Chrisleys purchased back in 2016 for $1.6 million.
That is the primary Nashville home the Chrisleys bought again in 2016 for $1.6 million.
SilverPointe Properties
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The foyer leads to the spiral staircase.

The lobby results in the spiral staircase.
The formal dining room.

The formal eating room.

Commercial
The formal living room with a woodburning fireplace.

The formal front room with a woodburning hearth.
The kitchen.

The kitchen.
The primary bathroom.

The first toilet.

Commercial

Amid their fraud costs, prosecutors additionally accused Julie of submitting a false credit score report and faux financial institution statements when making an attempt to hire a home in California — including that the couple then refused to pay hire just a few months after they began utilizing the house.

“Over the course of a decade, the defendants defrauded banks out of tens of hundreds of thousands of dollars whereas evading fee of their federal revenue taxes,” US Lawyer Ryan Okay. Buchanan mentioned in an announcement. “Their prolonged sentences mirror the magnitude of their felony scheme and may function a warning to others tempted to take advantage of our nation’s group banking system for illegal private achieve.”

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