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Todd & Julie Chrisley Are Probably Dropping Their Tennessee Mansions Amid Financial institution Fraud & Tax Evasion Punishments

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That’s (in all probability) all she wrote for the Chrisley household’s expansive pair of mansions in Nashville, Tennessee.

After all, Todd Chrisley and his spouse Julie Chrisley had been sentenced earlier this month to 12 years and 7 years, respectively, in federal jail on financial institution fraud and tax evasion costs.

And whereas these jail sentences had been stunning sufficient for the Chrisley Is aware of Greatest stars, the fallout has continued and can affect their lives in lots of extra methods. Now, in accordance with an insider, it’s probably the household will lose each of their large Nashville-based mansions.

Associated: Todd Says He Was A ‘Slave’ To Making Cash Earlier than Tax Evasion Scandal!!

Per the New York Put up, Decide Eleanor Ross of the US District Courtroom in Atlanta has ordered the 54-year-old actuality TV star and his 49-year-old spouse to pay restitution following their convictions on financial institution fraud and tax evasion costs. In complete, that restitution equals $17.2 million — a large obligation!!

To cowl the prices of these court-ordered charges and funds, an insider instructed the outlet it’s “probably” the couple must hand over their two Nashville mansions. In complete, the 2 properties are price about $9 million. One property is a four-bedroom residence which they first bought in 2016 for $1.6 million. That 5,200-square foot property is now estimated to be price $2.88 million at present, in accordance with Zillow.

The couple’s second Nashville mansion is a 13,200-square foot residence they bought in 2019 within the Brentwood space for $3.37 million. It has six bedrooms and 9 bogs, and is at present estimated to be price $5.97 million, per the actual property web site. Because the outlet notes, the household truly tried to flip that residence just some months after they first bought it, however they by no means acquired any provides. Ultimately, they took it off the market in Might 2020.

The insider defined the state of affairs to the Put up, saying (beneath):

“They’re going to have to surrender lots of issues, together with their properties, sadly. They received’t have the ability to afford it. However their principal concern now’s their youngsters, particularly their youngest boy.”

Oof…

After all, that youngest boy is 16-year-old son Grayson Chrisley. He was lately hospitalized after a critical automotive accident on a freeway in Tennessee. The couple additionally shares a 26-year-old son, Chase, and a 25-year-old daughter, Savannah.

Associated: Kyle Chrisley Thumps The Bible, Warns To ‘Not Decide’ After Jail Sentencing

Now, the couple must serve not less than 85 % of their sentences as a result of their convictions had been in federal courtroom. A former federal prosecutor spoke with Folks on Wednesday in regards to the extreme sentencing. Neama Rahmani defined how the jail phrases probably happened as a result of the Chrisleys gave little indication that they had been accepting any duty:

“They didn’t settle for any duty, even after they had been convicted. … And that’s the minimal they’re going to must serve in the event that they’re mannequin inmates. Not like states the place inmates can typically serve lower than even half of their sentence, beneath federal statutes, you solely get a slight discount for good habits.”

Yikes. Robust occasions forward for the Chrisleys…

Ideas, Perezcious readers?

[Image via ET/YouTube]

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