- 7 -
loans or the Johnson McGee payment in either year. In 1990,
petitioner earned $26,115 in wages from the City of Austin but
failed to file a Federal income tax return reporting that income.
Sterrett's investigation never identified a business named
American Products, and there was only limited evidence that there
was a business operating as Cortez. The indictment of petitioner
regarding these transactions, however, was later dismissed.
Following petitioner's arrest and indictment for the Phoenix
loans, Larry Anderson (Anderson), a senior auditor with the City
of Austin, conducted an investigation of loans made by the Austin
Economic Development Division that were managed by petitioner.
Anderson's investigation primarily focused on the HRW loan.
During Anderson's investigation, he discovered a computer
diskette in petitioner's office that contained copies of letters
regarding Cortez, bearing a signature line for Rand. The
diskette also contained documents regarding HRW and the HRW loan
request, identifying Wilson as one of the primary officers of
HRW. Wilson was purportedly also related to Dunn, the company
that defrayed the American Products loan. Additional letters
that were saved to the diskette contained a signature line for
petitioner.
It would have been improper for petitioner to have a
personal interest in any business that the loan staff was
managing. Anderson was never able to locate businesses operating
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next
Last modified: May 25, 2011