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Two years after declaring bankruptcy, Todd Chrisley boasts in a 2014 clip about spending $300K a year on clothing.

ATLANTA, GEORGIA: Todd Chrisley boasted about spending $300,000 a year on family clothing in a TV commercial for his reality program, two years after claiming in bankruptcy court that he had nothing in his bank accounts and only $100 in cash. On November 22, 2022, Todd and his wife Julie were each given prison terms of twelve and seven years in response to charges of bank fraud.

The court records that were submitted to a Georgia bankruptcy court in 2012 gained new significance after Todd and his wife Julie were convicted of fraud and given prison terms. The prosecution’s case was supported by the couple’s extravagant lifestyle and their hard-earned wealth. The prosecution also offered testimony from a man who identified himself as Todd’s ex-gay boyfriend. The conman gave supporters and TV viewers an explanation of how family and hard work could help people reach their level of wealth. The two stole $30 million in bank loans, according to the prosecution, before they failed to pay their taxes.

Todd and Julie Chrisley, stars of “Chrisley Knows Best,” could spend 10 to 22 years in prison for $30 million in fraud.

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Julie Chrisley (L) and Todd Chrisley attend the grand opening of E3 Chophouse Nashville on November 20, 2019 in Nashville, Tennessee.

Micheal Kurt

I earned a bachelor's degree in exercise and sport science from Oregon State University. He is an avid sports lover who enjoys tennis, football, and a variety of other activities. He is from Tucson, Arizona, and is a huge Cardinals supporter.

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