Monday, December 27, 2010

Eversole has a plethora of friends

Rick Casey of the Houston Chronicle wrote an interesting column about Eversole's generous friends which led to his indictment:
My friends are nice guys and gals, mainly.But they never take me on expense-paid golfing trips to Arizona and New Mexico. Or to Las Vegas. Or South Carolina. Or San Antonio. Or Colorado, Montana, Wyoming and South Dakota. Or Reno.
From the indictment Surface also gave Eversole $63,000 for a new home, but it wasn't the friendship or brotherly love of Jerry that drew attention to this  transaction, it was the way it was done. From the indictment:
On or about March 6, 2003, Surface wrote a check from his personal bank account for $65,000 to Weston Lakes LP a partnership Surface and his partners established to hold interests in real estate but which at that time had no business activities. On or about March 24, 2003, Surfaces caused a check to be issued in the amount of $65,000 from WLP to Keystone and deposited into a keystone bank account. that same day, Surface caused Keystone to issue a cashier's check to Surface in the amount of $65,000. Still on that same day, Surface used the $65,000 Keystone cashiers check to purchase another cashiers check payable to Eversole in the amount of $63,000. Surface then provided the cashier's check to Eversole.
But WAIT! Here comes the good part. On the very next day:
On or about March 25, 2003, Eversole deposited the $63,000 cashier's check into one of his personal bank accounts. At the time he did so, Eversole had taken out a loan to purchase land on which to build a new home, and the balance of this loan, over and the value of the collateral held by the lending institution was [get ready for it....] $62,594. On the day he deposited the check from Surface, Eversole was obligated to pay off his lot loan in full on or before March 27, 2003.
So the $63,000 question is: "Instead of hiding the money, why didn't Surface just geeve him the money?" When you donate to church, you geeve them the money. When you buy a new house, you geeve them the money. Yet, when donating to his friend of 30-years he didn't just geeve him the money. It reminds me of a scene from the Three Amigos about having a "plethora":




Eversole has a plethora of friends, and a plethora of problems.

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