Dennis L. Rogers and Charlotte Rogers - Page 6

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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