Prosecuters Say, "Koula Owed Over $150,000"
Thursday, June 14th, 2012 -- 9:04 am
Posted by Riley Hebert-News Director
-Experts revealed that Eric Koula owed more than $150,000 to the IRS, credit card companies and on his mortgage when his parents were killed in May 2010, during the continued testimony of experts during his trial.
Mary Jo Werner, a financial expert, said in the same month, he had less than $3,400 between his bank, investment, and day trading and retirement accounts.
Koula reported $4,400 monthly living expenses which Prosecutors say all adds up to motive.
Koula had just $1,342 in his bank accounts and $1,673 in his day trading account in May 2010. The day trading account had $59,993 the month prior.
His Fidelity investment account that held $793,730 in November 2007 fell to just $158 in May 2010. He had $138 in his retirement account.
During that time, Koula owed $40,000 to the IRS, $34,715 to five credit card companies, $20,100 for a line of credit and had a $65,000 balance on his mortgage.
Koula told authorities soon after he found his parents’ bodies May 24 that his day trading was going “very well.”