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In 1998, petitioners unsuccessfully tried to have the trusts
obtain a loan to buy a new motor home. Petitioners then had the
trusts transfer three parcels of real property to them so that
they could refinance those parcels. On the refinancing loan
application petitioners stated that they had monthly income of
$20,500, contrary to representations on the trusts’ fiduciary
returns that the income belonged to the trusts. Petitioners
conveyed the properties back to the trusts more than a year
later.
Galligan signed minutes of 28 trustees meetings which state
that he attended. However, he did not attend more than two of
those meetings. Charlotte Rogers, Spencer Rogers, and Becker
also signed those minutes. One of the minutes stated that
Spencer Rogers was appointed assistant manager of Global Wellness
and keeper of the minutes.
3. Hiring an Accountant
Jerry Dunning (Dunning), a certified public accountant
(C.P.A.) since 1986, was Becker’s accountant. Dunning traveled
with Becker to attend a 2-day WCS meeting in Salt Lake City on
dates not stated in the record. WCS staff explained their trust
product at the meeting. Becker introduced Dunning to petitioners
at that meeting and recommended to them that Dunning be their
accountant.
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Last modified: May 25, 2011