What does Todd Chrisley do for a living? The reality famous person's occupation has been marred by means of felony troubles and one very spiteful ex-employee.
Ever for the reason that reality show Chrisley Knows Best premiered in March of 2014, critics have doubted the plain wealth of patriarch Todd Chrisley.
In the early days of the series, the daddy of five used to be touted as a "real estate mogul," even though what he does for a living has been constantly referred to as into query through skeptics. Now, the 51-year-old is as well known for his legal troubles as his penchant for expensive clothes.
So, what does Todd Chrisley do for a living?
The USA Network megastar did personal an actual estate investment firm called Chrisley Asset Management, which expedited "the loss recovery and liquidation of non-performing commercial and residential assets." According to Crunchbase, the company was founded in 2002, but reportedly folded due to the 2008 housing marketplace collapse.
Two years before touchdown his own show, Todd filed for Chapter 7 chapter, citing just about $50 million in debts. "He guaranteed a real estate development loan and it failed," his legal professional, Robert Furr, explained in 2014. "He was on the hook for $30 million. If he hadn’t had that happen, he would have been fine, financially."
Despite plans to open a division retailer referred to as Chrisley & Company in Atlanta, Ga., Todd and his spouse Julie slowly started to reduce their extravagant lifestyle, sooner or later transferring into a smaller house outdoor of Nashville, Tenn. — which nonetheless price a whopping $3.38 million.
Todd claimed at the time that the circle of relatives’s relocation had extra to do with protection than finances. "Security has become a big issue," he instructed the Tennessean, revealing that Chrisley Knows Best fans had begun to discuss with their Georgia belongings regularly.
But Todd’s greatest felony headache to date came about final summer season when he and Julie have been indicted on multiple counts of tax evasion and fraud. The couple was accused of falsifying bank and monetary statements between 2007 and 2012 to keep away from paying just about $2 million in state taxes.
They maintained their innocence from the start, blaming a former employee for the criminal activity. "I’ve never talked about this publicly before, but there’s been a cloud hanging over Julie and me and our entire family for the past seven years," Todd shared in a statement in a while after his arrest.
"We discovered that a trusted employee of ours had been stealing from us big time… It involved all kinds of really bad stuff like creating phony documents, forging our signatures, and threatening other employees with violence if they said anything."
Todd alleged that the unidentified employee reported the suspicious habits to the U.S. Attorney’s place of work out of revenge for being fired, claiming the Chrisleys were those who had engaged in criminality.
"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," Todd declared.
The pair was once later cleared of the state tax evasion charges, agreeing to pay the Georgia Department of Revenue around $110,000 in October. "Julie and I knew all along that we had done nothing wrong and that when the facts all came out, we would be fine," Todd said following the settlement.
It seems that most of the businessman’s source of revenue in 2020 is from the display and sponsorships/other leisure opportunities he’s received as a result of his TV gig.
The new season of Chrisley Knows Best airs Thursdays, beginning July 9, at Nine p.m. ET on USA Network.
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