Disappointed in the Verdict
In a statement to E! News, Todd’s lawyer Bruce Morris said they were shocked by the verdict. An appeal is expected, according to their attorney. Todd denied any wrongdoing in a post on Instagram. “We have nothing to hide,” he wrote.
Todd blamed the legal difficulties on a former employee dismissed in 2012 after discovering that he had been “stealing from us big time.” However, according to federal prosecutors, Todd, his wife Julie, and their accountant Peter Tarantino lied about their wealth by fabricating fake bank records.