Karen Shepard Case- Trial Today (9/26/2016) Judgement to Come Nov 9 2016Somervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas

Theft of Property- First Financial Bank Glen Rose

Karen Shepard Case- Trial Today (9/26/2016) Judgement to Come Nov 9 2016

26 September 2016 at 1:55:25 PM

I went to hear at least part of the Karen Shepard case this morning. Karen Shepard background.  Apparently before I got there, Ramona Peters testified as a witness, don't know if there were others. Karen Shepard was on the stand when I came in, being asked questions by her defense counsel. Below is a rough transcript of what I heard.

Restitution amount $84,100. DC (defense counsel) was talking about IF there were probation terms. She could pay back 700 a month, has commercial property that can be sold, her husband makes 50k per year (works for county). Shepard said she didn't do this with malice. Sold the marital home and is currently living with her mother. Asking court for probation to replay loan and sell commercial property. Lessee currently there, has 30 days if wants to buy it. 

Hanna. You knew this day was coming, what did you do to get the property listed and sold

Shepard: nothing. 

Hanna; you offered it to the people leasing it, that's a phone call. YOu didn't decide to sell till recently. 

Shepard: I was willing to take retirement a year ago and settle. Money moved from First Financial to Edward Jones. Since then the money was used to pay back First Financial Bank. Had a first and second lien on $90,000 combined loan at FF. Sold house equity around 73k. Trying to get debt free from loans and notes. Traded travel trailers-no money required. Old one collat for FF. Bank of ?? new one. Husband didn't know of this at first until it came to light. Where did the money go? Paying loans to FF, small bills, credit cards. Joint account with daughter. 

Hanna Other items? Daughter's wedding?

Shepard: Everything I had was financed at FF. "Couldn't tell you honestly it's not like I went out on a shopping spree"

Discussion about how much the commercial property worth and whether a realtor would give you an accurate estimate versus an opinion. DC objected. Mr Love's line of credit, had to sign a document to withdraw money. 

Hanna Did you sign his name?

Shepard: I didn't sign his name as a signature, wrote his name as debit. Did not have to forge his name. 

Hanna What about Mrs. Peters? (Same) How long did mother and sister know? Within the last year is there a good reason why you didn't list and sell the commercial property for the proceeds? 

Shepard: I didn't know the process. Travel Trailer - lien, motorcycle, 2 vehicles. 

Hanna 34 separate withdrawals for Mrs Peter's account. 

Shepard: I didn't realize at the time it had gotten to that point. Wasn't stealing it, I always put it back

Hanna You have stolen it, and you pled guilty .. and you have no way to pay it back. 2 thefts. Attempts to cover it up by falsifying bank records that you shoed to Mrs. Peters. 

Shepard I never meant to hurt her. 

Hanna Fabricating physical documents and showing them to Mrs. Peters, trusted friend of 25 years. Betrayed trust of 2 of your closest friends, lied to cover up what you had done and over a year have done very little to liquidate assets to pay it back. 73000 didn't pay any of that back to Mr. Lolve 

Shepard: I don't mean to leave him hanging

Hanna You and your husband have an RV, and you're living with your mother. 

Shepard I hope after husband retires we can take it SC to visit the children.

Hanna Luxuries in life. $135 a month -RV. (Asked why not asking kin)

Shepard: I don't want to put the burden on anyone else. My responsibility to pay, not others. Mother has a house on 1 acre with 47 acres owned by mother, leased by brother. Not my property, its hers (mother) 

Hanna: Mother is going to pass away at some point, you're going to have them, but have not given to them to liquidate. 

DC I guess you could just throw your mother out on the street. You have way too much debt. FF got all your money

Shepard: Somebody offered to loan money until property settled but backed out. 

DC: In next 10 years maybe some money left over so you could pay Mr Love What kind of payment? Probation. How much could you pay that would be comfortable? $700 a little uncomfortable (monthly) Also probation fee and court costs. Sell commercial property. Somewhere down the line sell another property 

Hanna Why would you not ask your brother to swap house with 40 acres land.

Shepard: He'd have to lease another place for his cows. He lives next door to the land

$97,415.00 commercial land estimate

Hanna Did you know Mrs Peters was having health issues when you took her money? 

Shepard: She had health issues before 

Hanna Theft of the elderly. You agree she was not in the best of health. She wasn't keeping up with her finances

Shepard: I can't answer keeping up with finances

Hannah Mrs Peters testified that she wasn't keeping up with her finances as she should have. Why would you take money from Peters and Love?

Shepard: I felt they were friends and she would understand. Mr Love- misunderstanding between he and I. 

Hanna You have violated every banking law in the world. You know that was wrong. 

Shepard: Yes, sir

Hanna Each of 34 times you had to sign a document. Did you carefully consider each of those 34 times what you were doing when you illegally took money from the account? 

Shepard I don't understand your question.

Both attorneys standing up, objection, overruled DC. 

Hanna Had to do some action, did you consider you were committing a crime? 

Shepard: I didn't think of it as a crime. 

Hanna You falsified a document to show Mrs. Peters

Shepard: I just panicked. 

Hanna you knew that day it was wrong

Shepard: no, not like that. I thought she knew the money was coming from her account. Hadn't happened in 3-4 weeks

Hanna You went 3-4 weeks between each. You didn't go to them and say, this is what I have done. 

Shepard No

Judge recaps for his understanding. 84,100. Went to bank to pay off notes, 70k bank, 82,000 returned bank. How many notes did you have 

Shepard: I can't put a number on it. 

Travel Trailer- collaterol, mom's pickup truck, husband's pickup, ATV

Judge: 82,000 almost out of restitution, instead paid off bank notes. The bank would have taken your ATV etc and none of which would have put you in jail. You had 82000 in an account that was not in the bank, no loan but instead of paying money, you paid off notes. What would prevent mom from getting a loan and you pay back mother rather than paying restitituion in monthly payments? Not suggesting mom pay loan, you pay back. Possibility of 20 years in JDC. Not saying you kick your mom out or your mom pays the loan. 

Hanna Did some of this money go to keep your commercial property from being foreclosed? 

Shepard: Payments 

DC: In hindsight, you think you should have been exploring other options, instead of putting all your eggs into one basket (commercial property) 

Shepard: Person who offered to loan the money. 

DC Option now to go to mother or brother to sell the land? 

Shepard: Yes

All the attorneys go to the room in the back

DC You've never been in any kind of trouble at all over 25 years of employment, not typical, this is an anomalie. 

Hanna Recommend split sentence, jail sentence and probation. Shock probation bring her back after 75 days. Criminal acs, little explanation or remorse, basically embezzling money and using lifelong friends to do it. 

Judge: Pre-sentencing probation PSI. Back Nov 9th for judgement of this court. You have had a very hard time admitting what you have done, and hvae done very little to make the wrong right. Bank $84,100 Love $25,000 Just takes the blink of an eye to lose a good reputation for the rest of your life. 


Permalink Tags:          
     Views: 3112 
Latest Blog Post by salon -Trump Snorting Adderroll -Podcast interview with Noel Casler who worked on The Apprentice
More Posts You Might Enjoy
8/23/2019- Judgement Against The State of Texas and George Darrell Best
Audio-City of Glen Rose Town Council Meeting April 8 2019
Video- Somervell County Commissioners Court May 13 2019
Audio-Somervell County Commissioners Court-April 2019
1 - salon   13 Nov 2016 @ 5:28:00 PM 

Update: from Glen Rose Reporter

Shepard, 56, was indicted on April 5, 2016 on the two charges. The charges were in connection with money from accounts at First Financial Bank of Glen Rose, where she had been working as an assistant loan officer.

On the first count – theft of property, more than $20,000/less than $100,000 from an elderly person – Shepard was given 10 years of probation and is responsible for restitution of $84,100.

Shepard’s two-year state jail sentence was given on count 2 – theft of property more than $1,500/less than $20,000 – with no time-served credit for early release.

Latest Blog Post by salon -Trump Snorting Adderroll -Podcast interview with Noel Casler who worked on The Apprentice
 You! Leave a Comment! You Know you Want To!
You must be a registered member to comment on the blog.
Your first post is held pending approval to make sure you're not a spammer bot

 Not registered? Or you can login!

LOGON - Name:Password:

New poster comments are moderated, meaning they won't show up until approved... or not.  Be patient-we have lives outside this blog, so it might take awhile You want to be rude? totally stupid? inappropriate? Racist? Bigoted? Flame war baiter? Your post may be deleted. Spammers or people posting pretend interest comments but really wanting to hawk their latest book or sell stuff or govt propaganda flacks won't see their posts published. Comments do not necessarily reflect the viewpoint of the site owner(salon).
If you have a problem with logging in or registering, please speak up right away. Love your comments. Oh, except spammers
More on commenting

Click Here for Main Page

Today Is  
Friday, September 20, 2019

Latest Posts

Trump Snorting Adderroll -Podcast interview with Noel Casler who worked on The Apprentice
salon 9/19/2019

Time to Lock Up Ivanka Trump? She used a personal email account to send govt emails
salon 9/18/2019

Corey Lewandowski Is Just a Flat Out Liar
salon 9/18/2019

Not Ever Voting for Unethical Trump-but I'm not a fan of Biden
salon 9/15/2019

New in Trump's Swampy Government- Emuluments Case Back On
salon 9/15/2019

At what point will this country make sure our elected officials pass gun laws to ensure human safety?
salon 9/15/2019

More Blog Headlines


salon > Quick update on this, via Pacer-Click on pic to see larger (Turk Case Update- Telephone Conference Hearing Set for March 8 2019 )

salon > Lance Been awhile. Send me an email at salon@glenrose.net with the names of who you're talking about, above. Also, the newspaper editor is no longer local, ie officed here, but the paper is run.... (What Happened to Jerry Jacene? )

LanceHall > I'd love to see the Hotel Guest books and see if Jacene's name shows up long before he officially *found* the tracks.  I'd like to know if the Visitor's Bureau has emails wit.... (What Happened to Jerry Jacene? )

LanceHall > I see the land or that part of it is now in the hands of Glen Rose's own Corky Underwood. Is Jacene still involved?   I had already informed the Visitor Bureau manager (who's.... (What Happened to Jerry Jacene? )

Home | Blog Home | About | News | Piazza | Calendar | Audio/Video/Open Rec | Search
Write!  |profile | quotes |
top Daily | top Weekly |top Month | top Year | Top All! | archives | subscribe RSS