Prosecuters Say, "Koula Owed Over $150,000"
Thursday, June 14th, 2012 -- 9:04 AM
-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.?
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