That’s (in all probability) all she wrote for the Chrisley household’s expansive pair of mansions in Nashville, Tennessee.
Of course, 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 Knows Best stars, the fallout has continued and can influence their lives in lots of extra methods. Now, in response to an insider, it’s seemingly the household will lose each of their huge Nashville-based mansions.
Related: Todd Says He Was A ‘Slave’ To Making Money Before Tax Evasion Scandal!!
Per the New York Post, Judge Eleanor Ross of the US District Court 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 whole, that restitution equals $17.2 million — a large obligation!!
To cowl the prices of these court-ordered charges and funds, an insider informed the outlet it’s “likely” the couple must quit their two Nashville mansions. In whole, the 2 properties are value about $9 million. One property is a four-bedroom dwelling which they first bought in 2016 for $1.6 million. That 5,200-square foot property is now estimated to be value $2.88 million at this time, in response to Zillow.
The couple’s second Nashville mansion is a 13,200-square foot dwelling they bought in 2019 within the Brentwood space for $3.37 million. It has six bedrooms and 9 loos, and is at this time estimated to be value $5.97 million, per the true property website. As the outlet notes, the household truly tried to flip that dwelling only a few months after they first bought it, however they by no means acquired any affords. Eventually, they took it off the market in May 2020.
The insider defined the state of affairs to the Post, saying (beneath):
“They’re going to have to give up a lot of things, including their homes, sadly. They won’t be able to afford it. But their main concern now is their children, especially their youngest boy.”
Oof…
Of course, that youngest boy is 16-year-old son Grayson Chrisley. He was just 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.
Related: Kyle Chrisley Thumps The Bible, Warns To ‘Not Judge’ After Prison Sentencing
Now, the couple must serve not less than 85 p.c of their sentences as a result of their convictions had been in federal court docket. A former federal prosecutor spoke with People on Wednesday in regards to the extreme sentencing. Neama Rahmani defined how the jail phrases seemingly happened as a result of the Chrisleys gave little indication that they had been accepting any duty:
“They didn’t accept any responsibility, even after they were convicted. … And that’s the minimum they’re going to have to serve if they’re model inmates. Unlike states where inmates can sometimes serve less than even half of their sentence, under federal statutes, you only get a slight reduction for good behavior.”
Yikes. Tough occasions forward for the Chrisleys…
Thoughts, Perezcious readers?
[Image via ET/YouTube]