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Todd and Julie Chrisley lived extravagantly on $30 million in loans they lied 'through their teeth' to get: Feds

Julie Chrisley and Todd Chrisley
Julie and Todd Chrisley are on trial for bank fraud and tax evasion in Atlanta.Richard Shotwell/Invision/AP
  • Reality TV couple Julie and Todd Chrisley are on trial for bank fraud and tax evasion in Atlanta.

  • Prosecutors said they "burned through" money on a lifestyle outside their budget.

  • Their lawyer said the fraud was committed by a former employee who reported the couple to the FBI.

Todd and Julie Chrisley lived an extravagant, reality-TV-worthy lifestyle that was built on lies, according to prosecutors.

In her opening statement on Tuesday, Assistant US Attorney Annalise Peters said that the couple — best known for their USA Network reality series "Chrisley Knows Best" — submitted fake documents exaggerating their wealth to banks to borrow more than $30 million that they "burned" on luxury items while also hiding money from the IRS.

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"They made up documents and they lie through their teeth to get whatever they want, whenever they want it," Peters told the jury.

On Tuesdsay, Todd Chrisley and his wife, Julie, sat in a 17th-floor Atlanta federal courtroom, where they are on trial for bank fraud and tax evasion. Two of their children, Savannah and Chase Chrisley, were also in the courtroom Tuesday.

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Julie Chrisley was also charged with one count of wire fraud and one count of obstruction of justice on accusations that she inflated her income to rent a $13,000-a-month California home that she didn't pay the rent on and manipulated documents provided during the federal investigation.

The Chrisley's accountant, Peter Tarantino, is charged with one count of conspiracy to defraud the United States and two counts of willfully filing false tax returns.

The Chrisleys have denied all the charges, and their lawyer has blamed all bank fraud and tax evasion on a former employee, Mark Braddock, who eventually turned in the couple to the FBI.

Todd Chrisley's attorney, Bruce H. Morris, said in his opening statement that Braddock committed the fraud — while impersonating Todd Chrisley — without the couple's knowledge, and then turned on them when he was fired in 2012.

Braddock was "obsessed" with Todd Chrisley and "wanted to be" him, buying homes and furniture to live a lifestyle that mimicked his, Morris said.

An attorney for Tarantino said that his client was an accountant who failed the CPA exam many times over 20 years and was unqualified to handle the Chrisleys' finances. Tarantino is a procrastinator who was "in over his head" but not a criminal, his attorney said.

Peters said in her opening that Braddock was a "fraudster." He was offered immunity for his participation and admitted to his crimes, as well as the specific instances of fraud committed by the couple, which was then backed up with other evidence.

But the couple continued to commit fraud, Peters said, even after they cut all ties with Braddock.

"They were dead to each other," she said of Braddock and the Chrisleys.

Todd Chrisley
Todd Chrisley denied allegations of bank fraud.Photo Bank via Getty Images