That didn’t age well! Con artist Todd Chrisley is seen bragging about spending $300k a year on clothes in a 2014 clip just two years AFTER filing bankruptcy to erase $20 million in debt
- Todd Chrisley filed for bankruptcy in Georgia in 2012 citing $49.5 million in debt
- He claimed he only had $100 in cash, nothing in his bank account, and assets of $4 million.
- A judge granted him relief, erasing $20 million of his debt
- Two years later, he was filmed flaunting his wealth in a promo for his show.
- “In a year we spend $300,000 a year, probably more, on clothes,” he said.
- Todd was sentenced yesterday to 12 years in prison for defrauding banks and evading taxes
- His wife Julie has been sentenced to 7 years on similar charges; plan to appeal
Todd Chrisley bragged about spending $300,000 a year on clothes for his family in a TV promo for his reality show just two years after complaining to a bankruptcy court that he only had $100 in cash and nothing in his bank accounts.
The court papers were filed in a Georgia bankruptcy court in 2012, but take on new relevance today after the conviction and sentencing of Chrisley and his wife Julie for fraud.
He faces 12 years behind bars and she has been ordered to serve seven years, harsh conditions that they promise to appeal.
Prosecutors based their case on the fact that the couple featured a lavish lifestyle filled with hard-earned wealth. They also used testimony from a man who claimed to be Todd’s spurned gay lover.
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Todd Chrisley boasts of spending $300,000 a year on clothes for his family just two years after filing for bankruptcy
The 2012 court filing reveals how Chrisley claimed she only had $100 in cash, nothing in her bank account, $650 worth of clothing, and a $1,300 platinum wedding ring.
Chrisley claimed he had $4.2 million in assets but almost $50 million in debt when he filed his return in 2012.
They told viewers and fans that they, too, could earn their level of wealth through hard work and family.
In reality, prosecutors say it was a lie and that the couple defrauded banks with $30 million in loans and then failed to pay their taxes.
Documents seen by DailyMail.com reveal how Chrisley complained to the court that she only had $100 in cash and $650 worth of clothing when she filed her Chapter 7 in Georgia in 2012.
He claimed there was nothing in his checking account and listed the most expensive item on hand as his $1,300 platinum wedding ring.
Chrisley listed his assets to be worth $4 million, mostly in properties for which he still owed mortgages.
However, his total debt was $49.5 million.
The judge granted his request for relief and erased $20 million in debt.
But just two years later, Chrisley and the family didn’t mention their recent financial troubles.
Instead, they painted a picture of an aspirational and wealthy family, who had made ‘millions’ in real estate and now planned to enter the world of fashion and lifestyle with an eponymous department store in Georgia.
‘In a year we’ll probably spend $300,000 a year, probably more, on clothes.
Two years later, he and Julie were on the USA Network, flaunting a lavish lifestyle with their children.
The Chrisley family is shown in their 2012 promo, bragging about living in a gated community.
“I approve of every piece of clothing our kids wear,” Todd bragged in a newly resurfaced promo for the TV show.
The family’s home at the time was a 30,000-square-foot mansion in Georgia.
Todd bragged that he was part of a gated community and that they lived near celebrities like Usher.
They later moved to Nashville, to an equally expensive $3 million home, then to a smaller property after they were indicted in 2019.
The family continued filming their hit show.
Yesterday, Todd was sentenced to 12 years in prison for evading taxes and defrauding banks.
His wife Julie was sentenced to seven years on similar charges.
Their lawyer Bruce Morris told DailyMail.com that they plan to appeal.