During the sentencing memorandum, the prosecutors provided evidence that showed their crime is more severe than they thought it was. Evidence has shown that the couple conspired to defraud community banks of tens of millions of dollars.
U.S attorney Ryan K. Buchanan said in a June 2022 press release that Todd and Julie used a false document to obtain more than $30 million in personal loans ahead of the launch of their first television show in 2014.
Per Us Weekly, the loan obtained was spent on cars, clothes, real estate, and travel while they obtained a new loan to pay for the old loans. Thereafter, Todd claimed he was bankrupt and filed for bankruptcy. Following that, he was able to walk away from 20 million of the loan. However, it was later found out that the couple feigned bankruptcy. Meanwhile, he and his family were earning millions of dollars from their TV shows at the time.