Company Sues Deceased Businessman/CEO for Fraud скачать в хорошем качестве

Company Sues Deceased Businessman/CEO for Fraud

MIDLAND - Just over a year since a plane crash in Breckenridge took the life of a well-known Midland businessman, a civil lawsuit is now looming over his estate. The claim states that President and CEO of Peak Completions, Ray Hofman, took millions of dollars from his company and put it towards personal use. In a joint report with our partners from Odessa American, CBS 7 looked through the court documents which describe different methods Hoffman would use to obtain the money. The documents continue by saying that the money he would collect would go to his personal and expensive hobbies. At 38 years old, a car enthusiast, plane collector and CEO of Peak Completions of Midland, Ray Hofman passed away doing what his family and friends say he loved, flying planes. Now, one year after his death, serious claims of fraud threatens what is left of his estate. “If you pass away and there is litigation against you, that litigation will go on against whatever is left of you in the world, your estate,” said Attorney Justin Low. And in this case, it appears to be some pretty significant estate. According to the lawsuit, millions of dollars obtained from his company Peak Completions was done fraudulently and put towards elaborate Christmas gifts for his children, cars and expensive trips for his friends. At one point, the documents read that Hofman told his friends in an email that they were going to “live it up like rock stars.” Odessa Attorney Justin Low says these actions wouldn’t be illegal for the owner if he had just sat down with his partners and talked out the purchases. “If they sat down and agreed, ‘hey we are going to buy planes, we’re going to buy you cars and all these other things,’ but if you don’t do that and you are disguising it as other purchases that your other partners don’t know about, that’s when the fraud comes up,” said Low. The documents state that Hofman would file false expense reports for other employees, take those checks and then deposit them into his bank account. All of these accusations were never made aloud, until now. “They are trying to say, ‘we were wrong to buy you these things, and we didn’t find out until after you passed away because you were hiding it so well. Once you passed away and could no longer hide what you were doing, now we know what you were doing and we want our money back,’” said Low. Hofman’s wife was named as the independent executor of her husband’s estate, CBS 7 did reach out to her for comment but were unable contact her. Attorney Justin Low says since Hoffman has passed away he does not believe that there can be any criminal charges placed.