- 8 -
Capehart gave petitioner all of the bills they received from the
various Hoyt entities, and petitioner paid them by filling out
and signing personal checks drawn on their joint account. In
addition, petitioner purchased three of the six cashier’s checks
that she and Mr. Capehart sent to the Hoyt organization.
After investing in the partnerships, petitioner and Mr.
Capehart received monthly newsletters, advertisements, and
newspaper articles from the Hoyt organization that informed them
of recent developments in the cattle breeding industry and events
taking place within the Hoyt partnerships. Petitioner never
opened any mail unless it was addressed only to her, so
petitioner did not read all of the information they received from
the Hoyt organization. Mr. Capehart often shared correspondence
from the Hoyt organization with petitioner, but petitioner
suspected that he only showed her favorable documents to prove to
her that they had made a wise investment.
Petitioner and Mr. Capehart also toured several of the Hoyt
ranches over a 2-day period. During the ranch tour, petitioner
received a folder containing partnership information provided by
the Hoyt organization. In addition, petitioner and Mr. Capehart
received “Resource Allocation” forms on which they could rank
certain proposed Hoyt partnership projects in the order that they
believed would make the best use of their capital contributions.
While petitioner did not complete her own form, she filled out
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011