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Todd and Julie Chrisley’s Jail Sentence Explained: Net Worth, More

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Todd and Julie Chrisley were once known as the loveable parents on the USA Network’s hit series “Chrisley Knows Best,” but it all came crashing down when they were found guilty on numerous counts of fraud and tax evasion.


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Despite branding themselves (and the show) on their “Southern values,” the pair were allegedly engaged in a “15-year fraud spree,” according to prosecutors, in which they defrauded banks out of $30 million in fraudulent loans. Todd was sentenced to 12 years in prison and 16 months probation, while Julie was hit with a seven-year prison sentence and 16 months probation.

Still, the reality stars are claiming to be innocent — as someone else was in charge of their finances.

“The Chrisleys have built an empire based on the lie that their wealth came from dedication and hard work,” prosecutors wrote in a sentencing memo, per Variety. “The jury’s unanimous verdict sets the record straight: Todd and Julie Chrisley are career swindlers who have made a living by jumping from one fraud scheme to another, lying to banks, stiffing vendors, and evading taxes at every corner.”

Who Are Todd and Julie Chrisley and What Happened?

Todd and Julie Chrisley first graced the small screen in 2014, featuring their brood of 6: Lindsie Chrisley, 33, Kyle Chrisley, 31, Chase Chrisley, 26, Savannah Chrisley, 25, and Grayson, 16, and granddaughter Chloe, 10, (they have full custody).

With their Keeping Up With the Kardashians-style show jam-packed with wholesome family hijinx and country glamour, the family worked their way to reality TV star fame with several spin-off business ventures like their “Chrisley Confessions” podcast.

But while the family patriarch told viewers he was a Georgia real estate tycoon raising his kids with the best of the best, prospectors claimed he unlawfully acquired millions and evaded taxes during this time to fund their opulent lifestyle.

According to prosecutors, the parents falsified documents to obtain over $30 million in bank loans, and when they couldn’t pay the loans back, they filed for bankruptcy in 2012, per People. After bankruptcy, Todd walked away with $20 million of the fraudulently obtained loans, which were spent on “luxury cars, designer clothes, real estate, and travel,” the Northern District of Georgia’s U.S. Attorney’s Office stated in a press release.

Additionally, they were accused of attempting to defraud the IRS after not filing taxes from 2013 to 2016. Their accountant, Peter Tarantino, was convicted of filing false corporate tax returns on behalf of Julie’s corporate bank account, which was formed to hide funds from the IRS. At the same time as the Chrisleys, Tarantino was sentenced to three years in prison and three years of supervised release.

The parents were indicted on federal tax evasion charges in 2019, per USA Today, but despite maintaining their innocence, they were found guilty after a jury trial in June. Todd was convicted of conspiracy to commit bank fraud, bank fraud, conspiracy to defraud the United States, and tax fraud, while Julie was convicted of conspiracy to commit bank fraud, bank fraud, conspiracy to defraud the United States, tax fraud, and wire fraud.

Following their guilty verdict, they were released on their existing bond and were ordered to participate in a home detention program while they awaited sentencing.

Where Are Todd and Julie Chrisley Now and What Does This Mean For Their Family?

After being hit with their lengthy prison sentences, Todd and Julie Chrisley are still claiming their innocence in the scandal, and according to their lawyer Alex Little, of Burr & Forman LLP, they plan to fight the ruling.

“Todd and Julie are people of faith, and that faith gives them strength as they appeal their convictions,” the lawyer said in a statement to CNN, claiming the trial “was marred by serious and repeated errors” and that “we are optimistic about the road ahead.”

On Tuesday, January 17, Todd reported to FPC Pensacola in Florida to begin his 12 year prison sentence, while Julie headed to a federal prison in Lexington, Kentucky, to begin her 7 year sentence that same day, according to TMZ.

In her parents’ absence, daughter Savannah may be getting custody of the two Chrisley minors, Grayson, 16, and granddaughter Chloe, 10, she said on her “Unlocked” podcast hours before the sentences were announced.

The children are reportedly struggling with the verdict, with Greyson “handling this the worst,” a source told The U.S. Sun. Just days before the sentence was announced, Greyson was involved in a car crash and was hospitalized for his injuries, but has since returned home.

As for the fate of the family’s TV show, Deadline reports that the show was canceled after nine seasons and two guilty verdicts, in addition to their spin-off series “Growing Up Chrisley,” however, NBCUniversal has yet to officially confirm the news.

What Is Todd and Julie Chrisley’s Net Worth?

While the Chrisleys will be required to pay restitution, which will be determined at a later date, their reported net worths are only a fraction of the millions they owe.

According to Celebrity Net Worth, Todd has a net worth of $1.5 million. Additionally, he owns a 30,000-square-foot home and spent $300,000 a year on clothes. Julie also has a reported net worth of $1.5 million.

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Entrepreneurship

Your Company’s Responsible Guide to Staying Profitable in a Recession

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Opinions expressed by Entrepreneur contributors are their own.

The recent trend of easy money and exorbitant valuations has skidded to a halt amid recent economic volatility. Understandably, many companies rode that wave as long as they could, but in doing so many prioritized growth over sustainability and sound leadership. Layoffs continue to ripple through the tech ecosystem, so employees both in this sector and elsewhere are feeling the consequences.

Having to let go of staff members is all but unavoidable in a company’s lifecycle, but there is always more that can be done to keep businesses afloat while preserving morale. Strategies can include responsible budgetary decision-making, thoughtful and prudent responses to external pressures and transparent dialogue with employees, to name a few. Such actions can help companies remain healthy, productive and profitable, even as they navigate challenging waters.

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This is What You Need in Your 5-Year Marketing Plan

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Opinions expressed by Entrepreneur contributors are their own.

We’ve all heard the interview question, “Where do you see yourself in five years?” Marketers routinely take that question and apply it to their marketing strategies. They figure out what they want to achieve and then develop actionable steps to get there. Keep in mind, these plans aren’t designed to be all-encompassing. They serve as a guidebook for different scenarios while getting the team thinking about what they’d like to accomplish long-term.

Your five-year plan is a way to build an overarching metric for how you’re doing — or how you plan to do over the next half-decade. There are many things to consider when building your plan — here are a few to look at carefully:

The 3 key buckets

A successful five-year marketing plan should fixate on three main questions:

  1. What assumptions can you make about the next five years within your company?
  2. What goals do you want to achieve?
  3. What are the metrics you’ll use to measure those goals?

Assumptions are what you think won’t change in the business over the next five years. For example, you might assume that you will continue using particular vendors or that packaging costs will remain stable. From there, you can determine your goals — like boosting sales by 50% or converting 10,000 new customers. The metrics that measure your progress might be units sold or your company’s market share. It’s essential to include both readily-accessible metrics — such as website views — and brand metrics that might be a bit harder to come by, such as the associations your customers have made with your products or company.

Importantly, there’s no “right” or “wrong” when it comes to answering these questions. Every business has its own vision, resources and position, which all influence its marketing strategy. The aim is to develop a plan that will produce the most desirable outcome for you, rather than worrying about what other businesses have the capacity to do.

Related: Use These 5 Steps to Create a Marketing Plan

Narrowing your focus

Just like consumer preferences, marketing tactics are constantly shifting. Social media demonstrates this well. Because social media platforms have skyrocketed over the past two decades, marketers no longer rely solely on traditional platforms such as print or television ads. And even within social media, things aren’t constant. TikTok has become one of the fastest-growing platforms, quickly overtaking Facebook.

With so many options, your marketing plan must keep a narrow focus. For some companies, TikTok doesn’t matter. They can’t yet measure the return they’re getting from the platform, so this isn’t exactly a feasible opportunity. Don’t be tempted to try everything or be everywhere. It’s a matter of isolating what you practically can use to give you the insights that will help you.

Two questions will help focus your strategy:

  • How do your goals compare to last year?
  • What are you striving for (e.g., enhancing the brand vs. increasing brand awareness)?

How you answer those questions will help you identify where and how to focus your efforts so you don’t get lost in a bunch of small, irrelevant tactics.

Using your budget

Most people think of budgets as being stable or hard data — but almost all companies work with unknowns. In reality, the best they can do is come up with an educated guess that seems to make sense – a ballpark range. Because nobody can plan with certainty for every scenario — and because it’s so easy to become overwhelmed with an infinite range of outcomes — it’s advisable to lean on a few key financial assumptions and build a strategy around those.

Once you have a budget figure to work with, create high and low projections for everything you want to do. Let’s say the aim is to get to 50% brand awareness. What would your plan look like if you exceeded that and got to 75%? Alternatively, what would you do if awareness went down to 25%? Creating these high and low projections will let you design a more flexible approach and avoid being caught too off guard.

As you come up with your main scenarios and high-low projections, think about the key internal drivers you’ll need to address next year. Consider the risks, and assess whether you’ll have the data, technology and skills to develop and maintain what you expect to put forward. Keep in mind that it’s more important to pivot when issues come up than to predict what’s going to happen accurately.

Related: 4 Tips for Developing a Marketing Plan That Will Actually Grow Your Business

Paint flexibly within your broad strokes

A five-year marketing plan paints a broad, long-term picture of how you’ll communicate with your audience while giving details about your projected products or services. It includes assumptions and factors that aren’t necessarily static, so you have to approach it with a grain of salt and be ready to shift gears if the plan doesn’t work.

Even so, if you stick to three key buckets (assumptions, goals and metrics), keep your tactical focus narrow and incorporate multiple projections in your budget, you should end up with a strategy that blends the data and flexibility needed to strive in a changing world. Because annual marketing plans need to connect to your long-term marketing vision, let the annual marketing meetings serve as check-in points to keep your longer-term marketing plan relevant and viable.

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Lauren Sánchez Is Heading to Space on a Girls Trip

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Sorry, Jeff — this one is for the girls.


Jeff Spicer / Stringer I Getty Images

The Amazon executive chairman’s girlfriend, a former journalist who collaborates with him on philanthropy, is bringing a girl gang to space

Jeff Bezos’ girlfriend, Lauren Sánchez, said in a new interview with the Wall Street Journal that she planned to take an all-female trip to space with the Amazon founder’s space manufacturing company, Blue Origin.

Five women will join her on the journey.

“It’s going to be women who are making a difference in the world and who are impactful and have a message to send,” she told the outlet.

The mission is set for early 2024, and the passengers’ names will be announced at a later date.

The WSJ’s report was Sánchez’s first solo interview, the outlet noted, since her relationship with Bezos went public in 2019, shortly after his divorce announcement from now ex-wife, MacKenzie Scott.

The interview also talks about Sánchez’s relationship with Bezos and the business advice he’s given her (keeping meetings under an hour, speaking last as a boss).

Sánchez is a former broadcast journalist and a helicopter pilot who founded her own filming company Black Ops Aviation, per Insider.

“Right now, I’m immersing myself in philanthropy and strategic giving,” she told the outlet. She also has a new production company, Adventure & Fellowship.

Bezos and Sánchez also work together on picking the winner for the Bezos Award for Courage & Civility, which was awarded to Dolly Parton in 2022, giving her $100 million to dole out to charities as she pleased.

But don’t expect Bezos to crash the girls’ trip. “He’ll be cheering us all on from the sidelines,” Sánchez said, adding that Bezos is “excited to make this happen with all of these women… He’s very encouraging and excited, and he’s thrilled we’re putting this group together.”

Sánchez’s nonprofit work includes This Is About Humanity, which helps give supplies to kids separated from their parents at the U.S.-Mexico border, supporting the Bezos Earth Fund, which fights climate change, and working with the Bezos Academy, a system of free Montessori schools.

Bezos told CNN in an exclusive that aired in mid-November that, like many other billionaires have pledged to do, he would give away most of his money.

Ex-wife Scott, meanwhile, has donated over $14 billion since 2019, much of it coming from the settlement with Bezos.

Bezos has always planned on giving his money away, Sánchez told the outlet.

“Jeff has always told me since I’ve known him that he’s going to give the majority of his money to philanthropy,” she said.

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