Brooke Karrington, is a forensic accountant who analyzed Kouri Richins' finances, including her house-flipping business and the millions of dollars of debt associated with that.
Karrington testified on Tuesday (March 3, day 7) in Richins' murder trial at the Silver Summit Justice Center neaer Park City, Utah. Brad Bloodworth, the chief criminal prosecutor in Summit County, questioned her in direct-examination.
This is the entire exam.
You can watch Richins' lawyer Kathy Nester cross-examine Karrington here: • Defense Implies Kouri Richins' Payday Loan...
03:51 "Prior to the state engaging you, did you perform forensic accounting work for the estate of Eric Richins?"
"Yes, I did."
"What accounting work did you perform for the estate of Eric Richins?"
"As I recall, most of the focus at that time was the use by Kouri Richins of
the estate's, the family money, and particularly the home equity line of credit that she had taken out against the home where the family lived."
11:00 She first analyzed Kouri Richins' bank accounts.
"She had her business account for K Richins Realty ... and then she had a personal checking account ... It was opened about the time that Eric and Corey Richards got married."
13:34 real estate business documetns
20:45 "So this, this is just the overdraft and non sufficient funds transactions for each of these months just in that one account."
"The amount of transactions that tried to pass but didn't was $360,000?"
"That's right."
"And that as a result of that, this account was assessed $5,600 in fees?"
"That's correct."
29:04 "For those of us whose spouses handle the banking what are we looking at?"
"This is a bank account statement."
33:48 "These are four payday lenders."
37:10 "So that's about $10,000 a week." debt to payday lenders
44:19 "So this was a combination of the bank account statements, the loan documents for the accounts receivable, payday loans."
53:21 "who was the home equity line of credit, who was the borrower for the home equity line of credit?" "Eric Richins."
took $60,000 out and put it in business accounts
01:05:54 "The minute she closed on the house, she was $13,800 in the hole?"
"That's right."
Bought home in Mill Creek and borrowed against it three ties.
01:13:21 Judge: "You are about to hear evidence that defendants representations to lenders and other individuals and entities were not accurate..."
01:35:21 real estate bio with lies
01:49:54 "Ma'am, is this a text a text string between Chelsea Barney and Kouri Richins?"
02:00:13 "Those are those two wires from Chelsea Barney."
"What was the account's balance?"
"It was in the negative. $1,996.68"
"Did you then trace the funds from this account?"
"I did."
"Can you please show us what happened to that money."
"Well, the majority of it, well, a lot of it, almost half, went to the family account."
02:15:52 "As far as the phases of funding, it's not a very hard and fast scientific analysis, but as I've been as I looked at all the transactions, they kind of fall into kind of different phases"
02:26:55 "So does this present that she borrowed $645,000 of payday loans?"
02:35:13 "Did you analyze Kouri Richins and Eric Richins' tax returns?"
"Yes, I did."
02:38:02 Outside the jury's presence: Judge: "Mr. Bloodworth, to help me rule on defendant's objection. Would you please proffer for me where we're headed regarding the tax returns?"
"Kouri Richins' realties tax return were unhelpful for Ms. Karrington's analysis, because
Kouri Richins' expense reporting to her accountant was inaccurate."
02:49:06 Instruction: "This evidence is not admitted to prove a character trait of the defendant or to show that she acted in a manner consistent with that trait."
03:05:25 photo of mansion in Midway purchased after husband's death
03:17:55 "This is the settlement statement for the Legacy Way Midway mansion property where K. Richins Realty is the buyer and Douglas ... Is the seller, and this is the final version of the sale."
03:26:28 "These are the closing documents on the Midway mansion."
03:28:52 "It's an email string between Matt Strahm and Kouri Richins that was returned pursuant to a prosecution subpoena from CRS capital and Matt Strahm."
"And does this email string in part discuss how much money Kouri Richins estimated would be required to finish the Midway mansion?"
03:30:57 "Ms. Karrington, based on your financial analysis, did Kouri Richins either have or have access to $3 million to renovate the Midway mansion?"
03:31:21 "Did you investigate whether Kouri Richins tried to sell the Midway mansion?"
"Yes."
"Did she?"
"Yes, she did. When she listed the property on March 12 of 2022 so the week following her acquisition of it."
"That's also a week and a day following Eric Richins' death, right?"
"That's true."
03:35:36 "So she had a loan on the properties, each of the properties that she owned, and each of those was more than the property was worth."
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