Todd and Julie Chrisley, the stars of USA Network's Chrisley Knows Best have been indicted on federal fraud and tax evasion charges, the U.S. Attorney's office announced on Tuesday.
The 12-count indictment has charged the duo with wire fraud, conspiracy to commit bank fraud, and conspiracy to defraud the United States, according to a report from the Associated Press.
Peter Tarantino, the accountant for the family, has also been charged with conspiracy to defraud the United States and aiding in the filing of a false tax return.
Todd took to Instagram earlier this week and spoke of the pending indictment, claiming that it was from an incident from several years ago, and was a result of a former employee who turned to the U.S. attorney's office with documents that were allegedly doctored.
He said that those false documents seemingly indicated that he and his wife had committed financial crimes.
“I’m telling you all this now because we have nothing to hide and have done nothing to be ashamed of,” Todd said to his 1.9 million followers.
“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.”
Following the reports, Radar Online reported exclusively that USA Network was not renewing the contracts for an eighth season of the wildly popular reality series.
The outlet states that execs are distancing themselves from the famous family, which also means that Growing Up Chrisley, a spin-off that focuses on Savannah and Chase is also being given the pink slip by the cabler.
Chrisley Knows Best has been a success since its inception, regularly pulling in audiences well over 1 million viewers.
The show is on a midseason hiatus, and if the report is to be believed, the second half of Season 7 will never see the light of day.
“At this point, it is just a liability to film with them and, to be honest, Todd and Julie can’t film anything if they will be in prison,” an insider revealed to Radar Online.
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UPDATE: A representative of NBC Universal has contacted TV Fanatic to say that the Radar Online story is false, and that the series has not been canceled.
Paul Dailly is the Associate Editor for TV Fanatic. Follow him on Twitter.