- 5 -
tracked them on his office computer.
Jerry moved some of the money out of those accounts into
places where it was conceivable that Linda might have noticed it.
He invested over $5,000 with A.G. Edwards and another $70,000
with Equitable, and on their 1991 return, the Haltoms did report
dividend income of over $5,700 from the Equitable account. Both
investments generated regular monthly statements that were sent
to the Haltoms’ post office box. Linda picked up these
statements along with the rest of the mail, but did not open
them.
Then there was the money that Jerry spent. While Linda paid
most of their household expenses out of the joint checking
account, Jerry paid some of the larger expenses out of his own
five accounts–including an addition to their home, new furniture,
a new pool, landscaping, and some other large-ticket items. He
also made installment payments on his cars, first an Audi and
then a Mercedes (though he lied to Linda and said these were both
Taylor Company cars). All of Jerry’s payments during 1990, 1991,
and 1992, including those for the cars, totaled $137,427.2
2 The parties grouped them into several categories:
House payments $ 10,666
Car payments 39,336
House addition 26,386
Personal 15,538
Furniture 13,354
Landscaping 9,815
Insurance 9,218
Club expenses 4,060
(continued...)
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