The defense rests in the fraud trial of Todd and Julie Chrisley after 3 days of testimony

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The defense rests in the fraud trial of Todd and Julie Chrisley after 3 days of testimony
Todd and Julie Chrisley at an event in 2014.Heidi Gutman/USA/NBCU Photo Bank/NBCUniversal via Getty Images
  • The defense in the fraud trial of the Chrisleys rested Thursday.
  • Attorneys will give their closing arguments on Friday before the jury gets the case.
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The defense in the trial of Todd and Julie Chrisley have rested their case after three days of testimony from employees, accountants, and a tax agent.

A majority of the defense case was an effort to show the federal jury that the reality TV couple had made an effort before and after they were investigated by the IRS to pay their taxes.

Emails presented to the jury showed Todd Chrisley emailing his accountant, Peter Tarantino, — who is also on trial as a part of the conspiracy — asking about the status of his taxes. A tax expert who investigated the Chrisleys' case on behalf of the defense testified that the couple eventually — after they became the center of a federal fraud investigation — paid all of their back taxes to the IRS, with the exception of past due fees and other penalties.

Prosecutors allege that in the years before "Chrisley Knows Best" aired, the couple took out at least $30 million in loans from banks — which they lied to receive — and spent it on a lifestyle they couldn't afford. When they became famous, earning $6 million in the first three seasons, the couple tried to hide their money from the IRS, prosecutors said.

The couple is charged with one count of conspiracy to commit bank fraud, five counts of bank fraud, one count of conspiracy to defraud the United States and one count of tax fraud. Julie Chrisley is also facing one count of wire fraud and one count of obstruction of justice.

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

They have all denied the charges. The Chrisleys and Tarantino declined to testify on their own behalf.

The defense rests in the fraud trial of Todd and Julie Chrisley after 3 days of testimony
Todd Chrisley and Faye ChrisleyUSA Network/NBCU Photo Bank via Getty Images

Chrisley family members were called the stand

Prosecutors alleged that Todd and Julie Chrisley signed over their loan out company to Todd Chrisley's mother, Elizabeth Faye Chrisley, as soon as they found out the IRS was looking into their finances.

The defense called Faye Chrisley and Todd Chrisley's daughter, Lindsie Chrisley, to testify.

Both women told the jury that the reason the "7C's Productions" bank account was put in Faye Chrisley's name was so she could sign checks for the Chrisleys when they were in LA filming the "Chrisley Knows Best" spin-off "Growing Up Chrisley."

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That didn't explain why Faye Chrisley was listed as President or owner of the company, or a member of the board of directors, on various documents sent out by the family.

Faye Chrisley testified that she was never an owner of 7C's, which the family said was created simply as a loan-out company where they could be paid for their television appearances.

"I have never owned it. I don't want it," Faye Chrisley testified.

Closing arguments in the case are expected Friday, and the jury will begin deliberations by the end of the day, Judge Eleanor Ross said Thursday.

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