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Petitioner received $13,455 per month from January 1996
through December 1998, under the first annuity, and $7,924 per
month from January 1996 through December 1998, under the second
annuity. Additionally, petitioner received the final payments of
$3,000,000 and $1,761,000 under the respective annuities in
January 1999.
Green Capital Corp. and TS Capital Asset, LLC
Green Capital Corp. (Green Capital) and TS Capital Asset,
LLC (TS Capital), were formed by petitioner for the purpose of
employing consultants and advisers, including legal consultants,
publicists, and other professionals, to attempt to collect the
judgment or otherwise secure payment of damages from the State of
Texas.
Petitioner was involved in a suit with Allied Interests,
Inc. (Allied), in which petitioner was being sued for expenses
owed by petitioner to Allied for services it rendered to
petitioner in its attempt to collect petitioner’s judgment
against the State of Texas. In 1996, a judgment was entered
against petitioner and Green Capital. In 1998, petitioner paid
Allied $753,629 in satisfaction of Allied’s judgment. Included
in that amount was $365,000 of exemplary (punitive) damages.
Some of the expenses incurred and paid by petitioner in
pursuit of his claims against the State of Texas and in defense
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