Tax evasion is a serious crime that can land you in jail. That’s exactly what happened in the case of Todd Chrisley and his spouse, who were indicted on federal charges. A federal grand jury decided on the indictment in mid-August and included 12 counts for wire fraud, tax evasion and other criminal actions.
The indictment alleges that the man’s production company was used to hide the income made from their reality TV work. It also claims that Chrisley told his employee to falsify the income and asset forms in text messages sent between them.
A U.S. Attorney fir the North District of Georgia stated that the law holds all people accountable, even those who may be wealthy or be on a TV show. The indictment reaches back around nine years and alleges that the couple used falsified documents to secure loans for millions of dollars as long ago as 2007. It’s also alleged that they did not pay any taxes between 2013 and 2016.
Chrisley stated that he had been blackmailed by a former employee in this case and has said he’s hiding nothing. The government, on the other hand, believes that the case speaks for itself. The prosecution is seeking prison time in the federal case, which is something that the Chrisleys may have to contend with in the future.
Cases like this are interesting to watch because they are complex. If you are accused of tax fraud or evasion, you should also look into creating a strong defense to help protect yourself against possible jail time.