Donald Keith Morley and Rebecca B. Morley - Page 7

                                        - 7 -                                         

          barn, ensured security, bathed and fed the horses, and handled              
          all the veterinary work himself.                                            
               Prior to engaging in the horse-breeding activity, Mr. Morley           
          spent a lot of time with Mrs. Morley and their three children.              
          Throughout the years in issue, Mr. Morley arrived home after                
          dark, very tired, in a bad mood, and dirty with a "certain aroma"           
          from his work on the farm.  Due to his schedule, Mr. Morley ate             
          dinner later than the rest of the family and spent less time with           
          his family.                                                                 
               In 1986, the horse market began to decline.  Mr. Morley was            
          unable to sell his foals.  Mr. Morley modified his business plan.           
          He expanded the horse-breeding activity to include dealing in               
          horse gestation monitoring equipment, and he displayed literature           
          for the equipment at his horse show booths.                                 
               Mr. Morley also took measures to reduce the expenses of the            
          horse-breeding activity.  He sold several colts, which were not             
          breeding stallions, instead of incurring the costs associated               
          with maintaining them.  Additionally, he leased another farm with           
          a larger barn with more facilities in order to have a more                  
          inviting establishment, to attract more people, and thereby sell            
          more horses.  This also allowed Mr. Morley to open the farm to              
          board other people's horses.                                                
               In 1991, two of Mr. Morley's horses, Khola and Kholetta,               
          disappeared.  After a search revealed no indication as to either            
          horse's whereabouts, Mr. Morley assumed that someone had stolen             



Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  Next

Last modified: May 25, 2011