Real EstateThe Chrisleys will need to give up $9M mansions...

The Chrisleys will need to give up $9M mansions to pay restitutions

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When it rains, it pours for the Chrisley family.

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

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

Decide 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 Put up they’ll possible have to surrender their two Nashville, Tennessee, mansions price roughly $9 million so as to fulfill their obligation.

“They’re going to have to surrender plenty of issues, together with their properties, sadly. They gained’t have the ability to afford it,” the insider mentioned. “However their major concern now could be their kids, particularly their youngest boy.”

Todd and Julie Chrisley will have to give up their tony Nashville mansions worth a combined $9 million to pay millions in restitution.
Todd and Julie Chrisley should hand over their tony Nashville mansions price a mixed $9 million to pay thousands and thousands in restitution.
Getty Pictures; Sotheby’s; SilverPointe

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

Savannah just lately revealed she has custody of brother Grayson and niece Chloe after her dad and mom had been sentenced to jail.

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 formal dining room.
The formal eating room.
Zeitlin Sotheby’s Worldwide Realty
The chef's kitchen.
The chef’s kitchen.
Zeitlin Sotheby’s Worldwide Realty
The breakfast area leads into a den.
The breakfast space leads right into a den.
Zeitlin Sotheby’s Worldwide Realty
The laundry room.
The laundry room.
Zeitlin Sotheby’s Worldwide Realty
The pool and spa.
The pool and spa.
Zeitlin Sotheby’s Worldwide Realty

In 2016, when the couple first moved to the 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 price an estimated $2.88 million right this moment, in response to Zillow.

Three years later, they bought a second and larger dwelling within the Brentwood neighborhood for $3.37 million. Now price 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 an off the market with a mean price ticket of $4.7 million. However with none provides, 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
The foyer leads to the spiral staircase.
The lobby results in the spiral staircase.
SilverPointe Properties
The formal dining room.
The formal eating room.
SilverPointe Properties
The formal living room with a woodburning fireplace.
The formal front room with a woodburning hearth.
SilverPointe Properties
The kitchen.
The kitchen.
SilverPointe Properties
The primary bathroom.
The first toilet.
SilverPointe Properties

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

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

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