Todd Chrisley indicted for tax evasion as reality star says he's been framed

Chrisley Knows Best stars Todd and Julie Chrisley have been indicted on multiple counts of conspiracy, bank fraud, wire fraud and tax evasion, the U.S. Attorney’s Office in the Northern District of Georgia announced Tuesday. A federal grand jury's decision comes one day after the reality television stars preemptively denied the charges, claiming they were being framed.

"Todd and Julie Chrisley are charged not only with defrauding a number of banks by fraudulently obtaining millions of dollars in loans, but also with allegedly cheating taxpayers by actively evading paying federal taxes on the money they earned," said U.S. Attorney Byung J. Pak. "Celebrities face the same justice that everyone does. These are serious federal charges and they will have their day in court."

UNIVERSAL CITY, CA - JUNE 18:  Reality TV Personalities Julie Chrisley (L) and Todd Chrisley (R) visit Hallmark's "Home & Family" at Universal Studios Hollywood on June 18, 2018 in Universal City, California.  (Photo by Paul Archuleta/Getty Images)
Julie and Todd Chrisley refuted the charges against them. (Photo: Paul Archuleta/Getty Images)

The Chrisleys’ accountant, Peter Tarantino, has also been indicted on tax-related offenses.

Yahoo Entertainment reached out to Todd Chrisley's publicist for comment, but did not immediately receive a response.

As for how the Chrisleys’ legal woes will impact Season 8 of Chrisley Knows Best, a source disputes a Radar Online report that USA Network is canceling the show, telling Yahoo Entertainment the article is "completely false."

On Monday, Todd addressed the looming charges in a lengthy post on Instagram. He denied the accusations on behalf of his family, saying they were set up by a disgruntled employee.

"It all started back in 2012, when we discovered that a trusted employee of ours had been stealing from us big time," he wrote, asserting that said employee created "phony documents," forged their signatures and threatened "other employees with violence” if they spoke out.

“We even discovered that he illegally bugged our home,” he added.

To get revenge after he was fired, the employee allegedly "took his phony documents to the U.S. Attorney's office and told them we had committed all kinds of financial crimes, like tax evasion and bank fraud."

According to Todd, the U.S. Attorney's office didn't bite at first. "That got their attention all right, but once we had a chance to explain who he was and what he’d done to us, they realized it was all a bunch of nonsense and they sent him on his way," he wrote. However, the employee later convinced "a different set of investigators" to reopen the case, per the reality star.

"I'm telling you all this now because we have nothing to hide and have done nothing to be ashamed of. Not only do we know we've done nothing wrong, but we've got a ton of hard evidence and a bunch of corroborating witnesses that proves it," he shared. "Anyway, when all is said and done we trust in God..."

This content is not available due to your privacy preferences.
Update your settings here to see it.

This isn't Todd Chrisley's first brush with financial drama. He filed for bankruptcy in 2012 with debts having totaled $49 million. In 2017, local Atlanta station WSB reported that Todd was being investigated for tax evasion for failing to pay Georgia income taxes for years. He purportedly claimed legal residency in Florida even though the family resides in Georgia.

Read more from Yahoo Entertainment:

Want daily pop culture news delivered to your inbox? Sign up here for Yahoo Entertainment & Lifestyle’s newsletter.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting