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Todd Chrisley Money Fibs: Bankruptcy Grows, Net Worth Cut: EXCLUSIVE

Posted: April 26th, 2014 in Chrisley and Company, Todd Chrisley by LALATE

How Did Todd Chrisley Make His Money bankruptcy net worth living make


LOS ANGELES (LALATE EXCLUSIVE) – Todd Chrisley’s fibs about his money troubles continued this month. Fans have been asking for weeks what is Todd Chrisley’s net worth, what does Chrisley do for a living, how did Todd Chrisley make his money, and where is this Chrisley and Company Department Store? Recently, Todd Chrisley, to promote the season finale of Chrisley Knows Best, was asked by news about his bankruptcy. And once, again, Todd Chrisley was giving untrue statements about his family’s still pending money troubles.

Todd Chrisley sat with People Magazine recently. And the magazine claims Chrisley was asked about his money issues. Todd’s response was “It’s just a regurgitation of what happened in 2012. We’re very blessed. It’s 2014, we’ve moved on.” Nothing could be further from the truth, LALATE can report.

Chrisley who filed for personal bankruptcy before 2013 is still battling issues in bankruptcy court, LALATE can exclusively. While Todd may think he has “moved on”, the cases are still very much pending involing Todd and his family businesses.

Julie Chrisley, Chrisley Asset Management, and Chrisleys and Company LLC have not moved on from financial disputes in multiple courts either, LALATE can exclusively report. Chrisley’s implication that news reports about his money problems are only “a regurgitation of what happened in 2012″ is just not true.

Kyle Chrisley Baby Mama Photos
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Chrisley has been sued in roughly in twenty-three lawsuits in just the last ten years, LALATE can exclusively report. And LALATE can report that Todd Chrisley has just been sued again, now by criminal defense attorney Drew Findling. Chrisley was served on April 3, 2014, LALATE can exclusively report. It is believed that Findling may have represented Kyle Chrisley during 2013.

Julie has money problems too. In federal court, Julie Chrisley is battling allegations from Todd’s bankruptcy trustee that Todd allegedly fraudulently transferred assets to Julie to avoid creditors. In a separate matter, Julie Chrisley is battling money issues stemming from her lawsuit of Todd and her former business partner in Chrisley Asset Management, LALATE can exclusively report.

Kyle Chrisley Mug Shot Photos 2013
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Then there is more. During that state court action, Julie was allegedly held in contempt of court for allegedly withdrawing $220,000 from Chrisley Asset Management while the company was under receivership during the lawsuit. Just days ago, Julie agreed to return the entire $220,000 back to the court pending her dispute with the opposing party of the right to that money. That matter hasn’t “moved on” either.

In fact, Todd and Julie have claimed that the way they made money, his net worth, under a contract with Fannie Mae. That contract has since been canceled by Fannie Mae. Chrisley and Julie Chrisley, according to Julie’s own public documents, started in 2005 Chrisley Asset Management. The Georgia based company, according to Julie, would take Fannie Mae properties and make a commission on their refurbishing. Todd’s company would “upgrade and repair the [Fannie Mae] properties”, then “sell them”, and then Chrisley Asset Management “would be paid a commission” [by Fannie Mae].”

As the show leaves ambiguity about Todd’s money, so allegedly did his businesses. The trustee claims that “Debtor has attempted to create ambiguity over who the actual owners of CAM were throughout its history”, claims the trustee. He further claims that Todd had different alleged agreements claiming different ownership stakes at the same time.

And in March, that trustee sought to see Todd’s emails as well. Jason L. Pettie, Trustee of Todd Chrisley’s bankruptcy, filed a motion in Todd’s bankruptcy court on March 27, 2014 seeking all email activity from Todd Chrisley from 2006 to the present, LALATE can exclusively report. The request was filed asking for all “Documents sufficient to show ‘header’” details from Todd Chrisley’s email account “for the period August 31, 2006 through the present.” Pettie claims that Todd maintains two email accounts. In his request, Pettie put Todd’s two email addresses into public record.



Chrisley and Company Department Store Atlanta Fibs Strike Show: EXCLUSIVE

Posted: April 22nd, 2014 in Chrisley and Company, Todd Chrisley by LALATE

Chrisley and Company Department Store Atlanta Fibs Strike Show: EXCLUSIVE


LOS ANGELES (LALATE EXCLUSIVE) – The Chrisley and Company Department Store Atlanta fibs were delivered last week on Chrisley Knows Best. Todd Chrisley assured viewers that he is spending a large sum of his net worth in opening a Chrisley and Company Department Store. But LALATE can exclusively report that Todd admits, outside the show, that he does not have any net worth to open a department store, let alone the “Bergdorf Goodman of the South”.

The Chrisley and Company Department Store storyline was started early in this first season of Chrisley Knows Best. But LALATE can exclusively report that Todd has been telling news for years that a Chrisley and Company Department Store would be opening, that year (with specificity), in select cities. Depending on the year, Todd has changed his story. Sometimes he mentioned Atlanta. Other times he mentioned Beverly Hills. If you drive through Beverly Hills now, you won’t find the Chrisley and Company Department Store either, even though Todd told news that he was opening one there too. Instead, Todd does admit that one of his creditors is the Los Angeles County Tax collector.

Certainly someone else might open the department store with their money. But Todd tells viewers that he is spending his money to do so. If Chrisley Knows Best was filmed in 2013, that any assertion by Todd Chrisley on air that he had personal net worth to spend to open a department store is just not true and “reality”, according to Todd’s own bankruptcy documents. Todd Chrisley had already filed for bankruptcy as of 2012. In court documents obtained exclusively by LALATE, Todd in fact listed his ownership stake in an LLC called “Chrisley and Company”. The valuation for his share, according to Todd, was worth $0.00.

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This season, Todd has gone to a coffee shop to talk about the Department Store, gone to New York to see clothes for the Department Store. Last episode, Todd claimed that he rented a space for the Chrisley and Company Department Store after another one fell through. He further claims that he had merchandise on hand and needed to get it into the rental space soon.

But according to Todd’s bankruptcy documents, he has not listed an assets owned by him, or Chrisley and Company LLC, or any other company that he is involved with that includes (1) department store merchandise, or (2) a rental lease agreement.

But this not the first time that Todd has made claims about a department store opening that year that didn’t happen. Todd wrote in 2010 that the store was opening that year. “In 2010, Chrisley & Company will debut the Chrisley Department Store in Atlanta, followed by locations in Nashville and Dallas”. In 2011, he said it again. “Todd Chrisley is thrilled to announce a new department store set to be unveiled in Atlanta in 2011.”

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In fact, he promised a national rollout of the store, far before appearing on reality TV. “Within five years, new locations in Nashville and Dallas are planned as well. The Chrisley Department Store will feature luxury items in apparel, cosmetics, skin care, home furnishings, fragrances, and a host of other high-end merchandise.”

And how about the Beverly Hills store? It doesn’t exist either. Todd told news in 2010 that “We are proud to announce the planning of Todd Chrisley Stores. Todd Chrisley Department Stores will be located in Beverly Hills California and will consist of high end inventory. Stay tuned for further updates. News and updates about Todd Chrisley stores will be located here or on the official website.” For about Todd Chrisley’s money troubles click HERE.

LALATE


LALATE

Todd Chrisley Just Sued Again, Now 23 Lawsuits in 10 Years: EXCLUSIVE

Todd Chrisley Sued Again, 23 Lawsuits in 10 Years: EXCLUSIVE


LOS ANGELES (LALATE EXCLUSIVE) – Todd Chrisley or his companies have been involved in twenty-three lawsuits in just the last ten years, LALATE can exclusively report And LALATE can report that Todd Chrisley has been sued again, now by criminal defense attorney Drew Findling. Chrisley was served on April 3, 2014, LALATE can exclusively report.

And if you go back a few years earlier, Todd Chrisley since around the late 1990s has been involved in roughly twenty-eight lawsuits, many of them as defendant. Todd Chrisley, Julie Chrisley, Chrisley Asset Management, and the Chrisley Family Trust have been detailed exclusively on LALATE in recent weeks for showing a far different picture, according to the Chrisleys themselves, off camera than on camera. In fact, in recent weeks, most news reports have focused on Todd Chrisley’s bankruptcy, issues about Todd Chrisley’s living, his net worth, where Todd makes his money, allegations about Julie Chrisley, Chrisley and Company’s asset value, and the how much money Todd Chirsley really has.

But LALATE can exclusively report that the legal path of trouble for Todd and Julie did not start during filming Chrisley Knows Best and did not start in federal. Rather, Todd Chrisley and his companies has been involved in roughly twenty-one state court lawsuits, mostly as a defendant, in the last ten years. There are creditor lawsuits, business lawsuits, and similar. As reported earlier this week, Todd Chrisley went through a custody fight with his ex wife. After Todd Chrisley’s divorce was finalized, Chrisley went back to court to fight for custody of presumably his two eldest children shown on Chirsley Knows Best, born prior to his marriage to Julie Chrisley.

But documents recorded by Julie and Todd detail how a life going so right turned so wrong, so quickly. Todd Chrisley started Chrisley Asset Management, a company that would under contract for Fannie Mae refurbish foreclosed properties. The company would resell them and get a commission from Fannie Mae. The company would later be headed by Julie with two minor partners, Todd and a third party.

As the company grew, the three made fortunes. But by 2010, a corporate dispute erupted. Julie and the third party headed to multiple courts. The company was put under receivership by the court. Receivership means that a court appointed person oversees all financial transactions as the company’s disputes are resolved by the court. Julie however was then accused of allegedly firing the receiver during the case, allegedly taking $220,000 from the company. The court ordered her to return the money. She allegedly refused, and allegedly was held in contempt of court.

It remains unclear why anyone at Todd Chrisley’s company thought all this legal fighting was good for his company. But Fannie Mae didn’t think so. As the case was pending, Fannie Mae cancelled the contract with Todd Chrisley’s company. And with that the lawsuits against Todd, Julie and/or the company started. By roughly 2011, Todd Chrisley admitted that his fortunes were soon gone. He had judgments. He wasn’t paying his taxes. Eventually Todd filed for bankruptcy.

And while most news reports talk about Todd Chrisley’s bankruptcy federal, there are other cases still pending. In fact, LALATE can exclusively that Todd got served just this month by a criminal defense attorney. As previously reported on LALATE, Kyle Chrisley was arrested twice in 2013. For about Todd and Julie’s troubles click HERE.

Todd Chrisley Money, Wealth Living Trouble Started Post Fannie Mae: EXCLUSIVE

Todd Chrisley Money, Wealth Living Trouble Started Post Fannie Mae: EXCLUSIVE


LOS ANGELES (LALATE EXCLUSIVE) – Todd Chrisley had money, opulent wealth, and a massive net worth. But most of that is now gone, according to Todd. LALATE can exclusively reveal that, unlike other news reports out there, the complete story of Todd’s rise to the top and quick fall is not being clearly reported. Viewers by now know that Todd Chrisley is in bankruptcy, that Todd made a lot of money, but is now selling the family house. But amidst the renewal of Chrisley Knows Best for a second second, Todd Chrisley, storylines about Chrisley and Company Department Store, claims about Chrisley Asset Management, and more will have to be told far more truthfully in season two than in season one. But LALATE can exclusively a side of the story never before revealed, namely what happened to all of Todd’s money and where did it go.

Todd Chrisley’s money claims on Chrisley Knows Best are just not true, according to Todd himself. If the show was filmed after 2012, which assumedly it was, his claims about having personal money to invest in a Chrisley and Company Department Store is not true. His claims that he owns the belongings in his house are not true. Todd’s claims that in 2012 he was making fortunes, and can afford hundreds of thousands of dollars in clothing, is not true. In fact, much every money claim that Todd Chrisley makes in season one about his money, his wealth, his net worth, is just not true, according to documents by Todd outside the show.

But was it ever true? LALATE can exclusively report that as of 2012 Chrisley admits he had virtually no money to his name, that Chrisley and Company Department Store had a zero dollar value, that he was not getting paid fortunes from Chrisley Asset Management, and that he did not own a single household belonging personally.

Todd, however, once was exceptionally wealthy. And where did Todd make his money from? It was all from Fannie Mae, according to Todd. First, Todd Chrisley and Julie Chrisley, according to Julie’s own public documents, started in 2005 Chrisley Asset Management. The Georgia based company, according to Julie, would take Fannie Mae properties and make a commission on their refurbishing. Todd’s company would “upgrade and repair the [Fannie Mae] properties”, then “sell them”, and then Chrisley Asset Management “would be paid a commission” [by Fannie Mae].”

In the time that follow, Julie became the majority owner of Chrisley Asset Management with Todd and a third party as co partners. From 2005 to 2010, the deals were lucrative. Chrisley Asset Management “performed well financially” during that period, Julie reports. In fact, Julie was able to explain the business. Before the start of the decade, Julie moved the business “into performing real estate asset management for its customers and clients”.

And then, suddenly eventually changed. In 2012, Julie and Chrisley Assessment Management sued the third partner. The case would go on for a long time. And during the pendency of the dispute, which concerned Chrisley Assessment Management’s money made from the Fannie Mae deals, the Chrisleys were dealt a blow. Fannie Mae cancelled the Chrisley Assessment Management deal, the couple admits. And while Chrisley Knows Best has been renewed, the Fannie Mae deal has never been renewed.

Chrisley and Company Department Store: Todd Knows Fantasy – EXCLUSIVE

Posted: April 15th, 2014 in Chrisley Knows Best, Chrisley and Company, Todd Chrisley by LALATE

Chrisley and Company Department Store: Todd Knows Fantasy - EXCLUSIVEl


LOS ANGELES (LALATE EXCLUSIVE) – Where is this Chrisley and Company Department Store Atlanta, and have you found the Chrisley and Company Department Store in Beverly Hills? Keep looking, because you probably won’t find it. Todd Chrisley on Chrisley Knows Best is the self proclaimed “Patriarch of Perfection”. But according to his own documents, his reality TV show may better be called fantasy TV. The Patriarch of Perfection has been the Father of Fibs this first season of Chrisley Knows Best. Todd has detailed to viewers his household belongings. But in court documents, Todd confesses he doesn’t own them. On TV, he says that he will be spending a large sum of his net worth in opening a Chrisley and Company Department Store. But outside the show, Todd claims he doesn’t have any net worth. In fact, Todd claims he has no money. So how does someone go on television making these large than life assurances to viewers, and then go off cameras tell a far different story?

So what is this Chrisley and Company Department Store? LALATE can exclusively reveal that as early as October 2012, roughly one year before filming for the current season of Chrisley Knows Best, the Honorable Karen Specie, US Bankruptcy Judge of the Northern District of Florida, granted a request by a Buckhead LLC to take the deposition of the person most knowledge for Chrisley and Company. One year after that deposition was taken, Todd filmed last week’s new episode in which he proclaimed, yet again, that he was spending “his” money, a large part of his “net worth”, to open what he called a “Chrisley and Company Department Store”.

But what did Todd a court outside the confines of the show in 2012? He said that his interest in Chrisley and Company was worth $0.00. As of 2012, Todd off camera confessed that “Chrisley and Company” has no assets. Last week, viewers saw him travel to New York with his son and daughter to look at possible merchandise to buy. But Todd isn’t shown buying anything. He is also shown meeting with a consultant, over coffee, claiming that he would spend money to open Chrisley and Company Department Store. If it appears like all talk, it is, according to Todd.

Outside the show, Chrisley in documents filed in his bankruptcy, confesses that he does not even own a single household belonging. He claims it is all owned by his wife Julie. Next Todd claims that he does not have any notable net worth. In fact, on November 26, 2012, Counsel for RES GA Buckhead LLC asked to learn where and what is Chrisley and Company. A representative for Chrisley and Company LLC was ordered to appear to provide documents from the “period January 1, 2004 through the present inclusive, including without limitation, monthly bank statements, canceled checks, legible photocopies of negotiated checks, deposit slips, deposit books, check ledgers, and check registers, together with all of the entity’s account management records”.

As previously exclusively reported on LALATE, Todd on his own websites far before the “reality” show debuted proclaimed that he was opening a Chrisley and Company Department Store in specific years, starting in roughly 2010, in various cities. He said that Beverly Hills was among them. And despite his proclamation – both on air and online – that a Chrisley and Company Department Store would be coming, the proclamation was a tale of fiction. The store didn’t open. Todd admitted to not having the money to open the store, and claimed that his ownership stake in Chrisley and Company LLC was worthless. Todd once wrote “In 2010, Chrisley & Co0mpany will debut the Chrisley Department Store in Atlanta, followed by locations in Nashville and Dallas”. In July 2010, Todd told news that he store would open in Beverly Hills. For now a new season of Chrisley Knows Best has been ordered. But don’t expect to see any Chrisley Department Store arriving in Nashville, Dallas, or Beverly Hills anytime soon. For more about Todd Chrisley, his money troubles, and his false claims click HERE.

Chrisley and Company Department Store Atlanta? Claims Revealed: EXCLUSIVE

Posted: April 10th, 2014 in Chrisley Knows Best, Chrisley and Company, Todd Chrisley by LALATE

Chrisley and Company Department Store Atlanta? Fake TV Revealed: EXCLUSIVE


LOS ANGELES (LALATE EXCLUSIVE) – “Chrisley and Company Department Store” is set to open as the brainchild of Todd Chrisley, the patriarch reveals to Chrisley Knows Best viewers this season. This week’s episode, filmed in 2013, features Todd Chrisley discussing his preparations to now suddenly open “Chrisley and Company Department Store” in Atlanta. Todd takes Chase Chrisley and Savannah Chrisley to New York to prepare for the store’s launch. Nothing is purchased. No renovations are shown. No department store is depicted. So what is Todd’s 2013 claim that he is “opening” a “Chrisley and Company Department Store”? While it may make entertaining reality TV programming, it is actually untrue TV programming.

Todd has been proclaiming since 2010 that “Chrisley and Company Department Store” is opening. For more than three years before Todd filmed Tuesday’s night’s episode, he has been publishing statements that a “Chrisley and Company Department Store” is opening its doors each year. He is specific, asserting that the opening is in the next twelve months.

First in July 2010, Todd Chrisley on his BlogSpot free website wrote “We are proud to announce the planning of Todd Chrisley Stores. Todd Chrisley Department Stores will be located in Beverly Hills California and will consist of high end inventory. Stay tuned for further updates. News and updates about Todd Chrisley stores will be located here or on the official website.”

But a Chrisley and Company Department Store department store didn’t open in Beverly Hills in 2010 and still has not opened. But will it take credit cards when it does? Currently Todd Chrisley, who owns a condominium in Los Angeles, has one notable creditor: the Los Angeles County Tax Assessors Office.

Second, “Chrisley and Company Department Store” Atlanta was set to open in 2011. Todd, on his charity website, told news in 2011 that the department store is opening that year. “Todd Chrisley is thrilled to announce a new department store set to be unveiled in Atlanta in 2011.” How did he describe the store in 2011? His description is the same as used on the show now three years later. “Todd has always been enamored with the world of fashion. The debut store – to be opened in the chic Buckhead area – will reflect not only Todd’s couture fashion sense, but that of the exclusive metro district of Atlanta.”

Kyle Chrisley Baby Mama Photos
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While Chrisley may have admitted then, and also on TV in 2013, that he has a “couture fashion sense”, he did not last year have a couture fashion budget. While Todd said one thing on TV during filming, behind the scenes Chrisley admitting to not have a bank account to afford a single couture outfit.

Third, “Chrisley and Company Department Store” are coming to other states as well. “Within five years, new locations in Nashville and Dallas are planned as well.”The Chrisley Department Store will feature luxury items in apparel, cosmetics, skin care, home furnishings, fragrances, and a host of other high-end merchandise.”

Kyle Chrisley Mug Shot Photos 2013
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Ironically, Todd is now accused of allegedly transferring asset to allegedly avoid creditors. But in 2011 Todd proclaimed “The Chrisley family is extremely excited to add a luxury retail store to the Chrisley portfolio of assets that will serve the people and community of Atlanta.” And as to that one notable asset, the home shown on Chrisley Knows Best, that is currently being sold as well.

And as to Todd’s commitment to “serve the people and community of Atlanta”, a bankruptcy trustee, moreover, claims that starting in 2010 Todd and/or his company was allegedly sued in six collection cases in just twelve months. Todd now has creditors from Florida to Los Angeles.

A new episode of the purported “reality” show returns next Tuesday. For the truth about Todd’s other tv claims, click HERE.








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