‘Chrisley Knows Best’ stars indicted for tax evasion

Reality TV stars Todd and Julie Chrisley were indicted along with their accountant on 12 counts, including tax evasion, bank fraud and wire fraud.
3:02 | 08/14/19

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Transcript for ‘Chrisley Knows Best’ stars indicted for tax evasion
Now to the trouble for reality tef stars Todd and Julie Chrisley. Paula Faris is here with this. Good morning. Reporter: They claim they have nothing to hide and are blaming all of this on a disgruntled former employee who they say was bugging their home and basically has an axe to We're not perfect. Perfect should be something you should strive to be. Reporter: This morning, reality TV stars Todd and Julie Chrisley are in hot water. Along with their accountant, indicted by a federal grand jury in Atlanta on 12 counts, including tax evasion, bank fraud and wire fraud. You can't offer me the help that I need. Reporter: The chrisleys are best known for their hit reality show, "Chrisley knows best" on the usa network now in its seventh season. It follows the busy lives of the wealthy real estate mogul and his family. I have made 95% of the money I have made in real estate. Reporter: According this this indictment, that couple did not pay income taxes from 2013 to 2016, and the chrisleys tried to secure loans by using false documents to banks. In one case, Todd was copied on a personal financial statement that falsely claimed Todd Chrisley had $4 million at Merrill lynch. He responded, you're a genius. Just make it $4 million. He used their production company to hide some of their TV income from the irs. They had a production company called seven sea production which was paid the fees that the TV stations paid for the show. Of course, that was not declared as income. Reporter: Todd appeared to anticipate that an indictment was imminent taking to Instagram on Monday issuing a fierce denial, instead saying it was all part of a blackmail scheme by a trusted former employee. Chrisley writing, I won't go into details, but it involved bad stuff like creating phony documents, forging our signatures and threatening other employees with violence. I'm telling you this now because we have nothing to hide and have done nothing to be ashamed of. Patriarch Todd has been known to flaunt his wealth on the show. I make millions of dollars a Reporter: The family's lavish lifestyle often on full display, including this opulent 20,000-square foot mansion outside of Atlanta. I want to make note here just because you're rich and on a TV show, doesn't mean the law won't come get you. They face 30 years if convicted. No word from the network that carries their show on how this might impact the show's future. You heard them say -- he posted that show, they're blameless and have nothing to hide. Serious charges. Very serious. Paula, thank you.

This transcript has been automatically generated and may not be 100% accurate.

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