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Todd Chrisley and Julie Chrisley Indicted for Tax Evasion and Other Financial Crimes (UPDATED)

Their son, Chase Chrisley, also faces possible legal woes in connection with his own finances.

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UPDATE (AUG. 14, 4:01 P.M.): After being indicted by a grand jury for  tax evasion and other financial crimes, according to PEOPLE and  WSBTV, Todd Chrisley and  Julie Chrisley turned themselves in and reported to the Federal Bureau of Investigation on Wednesday (August 14). They are expected to have their first court appearance that same day.

The original story continues below.

Chrisley Knows Best stars Todd Chrisley and Julie Chrisley were indicted on Tuesday (August 14) by a federal grand jury in Atlanta-Georgia Northern District for tax evasion and other financial crimes.

The 12-count indictment alleges that the Chrisleys committed bank fraud and wire fraud conspiracy in addition to other offenses, CNN reports.

Their former accountant accountant, Peter Tarantino, is also facing the same charges according to PEOPLE.

Local news station WSBTV first reported on the indictments, noting the indictment covers about nine years worth of activity.

“The allegations contained in the indictment are based on complete falsehoods. The Chrisleys are innocent of all charges," Bruce H. Morris and Stephen Friedberg, attorneys for the reality TV patriarch, said in a statement to PEOPLE.

In the wake of the news regarding Todd and Julie comes an E! News report that their son, Chase Chrisley, has been accused of owing more than $16,886.64 in back taxes for the 2014 tax period. He has until 2026 to pay back the federal tax lien of $2,025.78, according to documents obtained by E!.

Before being indicted, Todd addressed the allegations against him, declaring his innocence in the matter in a lengthy Instagram post.

Additionally, Chase, as well as sister Savannah Chrisley, showed their support for their family by sharing photos.

View this post on Instagram


A post shared by Chase Chrisley (@chasechrisley) on

View this post on Instagram


A post shared by Savannah Faith Chrisley (@savannahchrisley) on

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