Silver Alert CT - Jennifer Dulos, 50, New Canaan, 24 May 2019 *ARRESTS* #18

[afitzy]

Financial sorcery indeed! I love this! Thanks for a much needed laugh!

@mom2chloe, glad you had a laugh! I tried to create a laugh for myself too as its been a rough ride on the thread lately with little news.

I'm always game for a good puzzle and FORE is a bit of a puzzle. As puzzles go, this one isn't too complex (if it were a real life picture puzzle it would be a 500 piece puzzle and not a 2000+ piece puzzle) but the time involved to put the pieces together is beyond what I sadly have available at the moment so its slow going. Sorry.

A forensic acct. could cut through this situation in no time IMO assuming the records are there but my bet at this point is that the records stopped at a certain point as the civil case said that the last federal tax returns for FORE were 2016.

Sometimes I wonder if FD simply planned to take the children and vanish off the face of the earth somewhere? I also wonder if FD operated the way he did in Family Court (non compliance etc.) knowing that the divorce case would never be settled?

MOO

 

[oceancalling]

Do we know why the Silver Alert was issued for JD? In the State of Ct the Silver Alert System mandates law enforcement immediately begin searching for missing individuals who are ages 65 or older, or ages 18 and over if mentally impaired. There is an AMBER ALERT/MISSING/CHILD/SILVER ALERT REQUEST FORM that needs to be filled out containing LE Agency Info, Missing Person Info, Abductor/Companion Info and Vehicle Info. Did NCPD issue the Silver Alert based on discovering the blood evidence in the garage to initiate the alert instead of mental impairment as a reason? Has the form created for JD been released to the public?

Also, why hasn’t there been any reward money offered for information leading investigators to assist in locating JD?

IMO there has been no reward money offered because LE already knows what happened to JD. Offering a reward generates a lot of unsubstantiated tips and costs too much for not a lot in return in such cases.

 

[sds71]

There had to be a reason that we collectively haven't figured out yet!

But given the income situation I am curious though if the credit cards are maxed.
Do we know if the July taxes were paid? Towns are slow to post past due taxes so was going to wait until Sept to look. But given the high profile nature of the situation I wonder if the towns might be a bit more proactive on taxes?
MOO

He made a July payment

 

[Jen3135]

In some states you cannot sue the insurance company. It makes the likelihood of a plaintiff verdict much higher. So the insurance company defends FD, behind the scenes.

I'm from CT and have looked at other motor vehicle accident lawsuits on the state website and it always lists the insurance company along with the insured in the suit. Is it possible his insurance had lapsed?

 

[afitzy]

If I understand the system, using a credit card for bond would be very expensive....10% or more in interest.....right in there with a payday loan.

Not that using the 401K was smart. Maybe he's under water on his credit cards and didn't qualify for a loan.

Agree. Tip off to me was using the 401K, generally bad move for quick cash. Just looked at cash advance rates on credit cards and most (according to VISA site) range from 15-28% pa. So, cash advance route would have been pricey. I don't doubt FD has cash/assets someplace, they just aren't here now.

I also wonder whether he was skimming JD income over the years and might that have tipped her off that all was not right?

IDK. Many possibilities and there was a good amt of money floating around between JD and FORE IMO.

Just curious how he evaporated it all!

Perhaps he put emergency cash in coffee canisters and buried them all over MS and this is what is keeping him going!
MOO

 

[mom2chloe]

If I understand the system, using a credit card for bond would be very expensive....10% or more in interest.....right in there with a payday loan.

Not that using the 401K was smart. Maybe he's under water on his credit cards and didn't qualify for a loan.

Also, FD will owe the IRS for any 401k withdrawals. Good luck with that because they will take it all, assuming he has any cash in US accounts or holdings. They do not mess around!

 

[Jmoose]

I don't know quite where to go in response to this comment as it's sort of all over the place so I'll just stick with the data:


White Black Hispanic
U.S. population 62.1% 13.2% 17.4%
Jail incarceration 47.4% 35.4% 14.9%
State & federal incarceration 33.6% 35.4% 21.6%
Life sentence 33.4% 48.3% 14.4%
Life without parole sentence 33.5% 56.4% 7.4%
Death row population 42.5% 41.7% 13.0%

Pay special attention to 13.2% of the US population (black) making up 41.7% of the death row inmates.

What is the poverty rate among the population noted here? Poor people get crummy representation because they can’t pay for it, and on top of that, so many are poorly educated. Poverty is a huge factor, in my opinion, and it is high among minorities. So many poor people, who also happen to make up a high percentage of minorities are not just incarcerated, but wrongfully so. I’d like to see a poor person who happens to be a member of a minority get the same great representation when charged with a crime, as a rich person does. I am not sure how to do that, but I think it would help. It infuriates me to find out that a poor person who has had no proper education in what their rights are, is incarcerated but innocent. FD doesn’t have this problem-he has money to pay for his upcoming murder defense and associated costs of it, because he had been living off of his dead wife until 2017, and in part, off of GF, because she paid the mortgage on the house he and his whatever were living in-so he hadn’t already liquidated his 401k.

 

[sds71]

In addition to the other ways he was stealing I think he was showing “dummy credit card receipts” to his office manager I don’t know if it was GV or AL at the time
and putting it on his cards
In my opinion he no longer shared credit cards with JD
Even the Bail Bondsman did a credit check on this guy

 

[afitzy]

I'm from CT and have looked at other motor vehicle accident lawsuits on the state website and it always lists the insurance company along with the insured in the suit. Is it possible his insurance had lapsed?

@Jen3135, thanks for this insight! I don't know much about insurance litigation for auto accidents and so far as I could tell from looking at the documents there was no insurance company named (we just see FD and the Plaintiff).

But, I'm not sure if anyone looked to see if FD got a ticket for not having insurance at this time as this would have been a ticket for sure in CT!?! I dont' recall this ticket for no insurance ever being searched but its a good question I think but we know he was definately speeding on I84. We have seen other speeding tickets posted (FL and CT I believe) as FD seems to like to speed.
MOO

 

[Jmoose]

If I understand the system, using a credit card for bond would be very expensive....10% or more in interest.....right in there with a payday loan.

Not that using the 401K was smart. Maybe he's under water on his credit cards and didn't qualify for a loan.

I agree-I think he has been living on his credit cards for a long time, and probably is at his limit. From what we think we know about his finances, I really doubt he could qualify for a loan. It wouldn’t surprise me if all of his properties already have loans against them, so that he has zero equity. I think the 401k is the only thing he had left that hadn’t already been tapped.

 

[sds71]

Also, FD will owe the IRS for any 401k withdrawals. Good luck with that because they will take it all, assuming he has any cash in US accounts or holdings. They do not mess around!

I was going ask if FD could claim his kids on his taxes but he’ll be in jail so he won’t be able to

 

[mom2chloe]

What is the poverty rate among the population noted here? Poor people get crummy representation because they can’t pay for it, and on top of that, so many are poorly educated. Poverty is a huge factor, in my opinion, and it is high among minorities. So many poor people, who also happen to make up a high percentage of minorities are not just incarcerated, but wrongfully so. I’d like to see a poor person who happens to be a member of a minority get the same great representation when charged with a crime, as a rich person does. I am not sure how to do that, but I think it would help. It infuriates me to find out that a poor person who has had no proper education in what their rights are, is incarcerated but innocent. FD doesn’t have this problem-he has money to pay for his upcoming murder defense and associated costs of it, because he could live off of his dead wife.

FD will not walk away from this unscathed regardless whether he is charged with or convicted of murder. He has no financial means to finance a defense unless he has money hidden off shore. The IRS is on his tail regardless. His MIL has an awesome legal team and he will pay one way or another. His ship has sailed and whether he knows it or not he is sinking. Thankfully his children are safe!

 

[mom2chloe]

He made a July payment

Are you sure? Did he pay a full amount or a partial payment? TIA

 

[afitzy]

In addition to the other ways he was stealing I think he was showing “dummy credit card receipts” to his office manager I don’t know if it was GV or AL at the time
and putting it on his cards
In my opinion he no longer shared credit cards with JD
Even the Bail Bondsman did a credit check on this guy

Yes, agree with you that bail person did a check and that's why he ended up using 401K! IMO pretty telling as to the overall situation. My recollection is that MT was last Manager at FORE so perhaps this is yet another reason why GF is anxious that she be deposed soon in civil litigation. I agree that JD cut off credit cards when she left and that no doubt enraged FD to no end IMO. Can you imagine the indignity of pulling out the black card to pay only to be told, "I'm sorry sir but there seems to be some issue with your card! Do you perhaps have another card or cash to settle the bill".
MOO

 

[sds71]

Are you sure? Did he pay a full amount or a partial payment? TIA

Partial 21,130 Next one is due in January

 

[afitzy]

I agree-I think he has been living on his credit cards for a long time, and probably is at his limit. From what we think we know about his finances, I really doubt he could qualify for a loan. It wouldn’t surprise me if all of his properties already have loans against them, so that he has
zero equity. I think the 401k is the only thing he had left that hadn’t already been tapped.

FORE didn't appear to use convential construction loans that other contractors used as for many years FORE benefited from low interest loans (3%) from FIL for what were essentially speculative real estate development projects. Good deal if you can get it but when the music stopped on the FIL financing, FD was in a tough spot as he had not really established a track record with a local lender and the real estate lending market in CT was not supportive for developers during the downturn/crash period at all. But he must have had cash squirreled away to keep the game going for awhile as the situation with the trade creditors is fairly recent in nature (80 MS and Sturbridge) over the past year.

I was surprised to see a mortgage from a local bank on Sturbridge property in NC along with 2 private mortgages and the previously mentioned attachment by GF Civil Suit.

MOO

 

[Jmoose]

Glad you like "FoHO"! Was so annoyed this am about the GF paying 4Jx etc. that I typed out the first thing that came to mind even though it wasn't really all that nice ! Sorry, not sorry!

I've been working on the real estate piece of the puzzle and hope to have it done over the next 2 weeks. There are a number of challenges with even doing a rough estimate of income for FORE and a big one is that FD used subcontractors (or seemed to) for virtually everything as he didn't work directly on site (Gucci loafers need to stay clean and all!). The civil suit legal documents with GF provide a good bit of info on how much money FIL lent FORE over the years and how the repayment worked and that the interest rate was low. I've had to make some major assumptions about staffing and salary, so the overall estimate of income will be very rough but hope to be directionally correct.

Even though the FORE income project is a work in progress, I'm baffled as to how/why FD became a 'deadbeat dad' according to what Judge Heller wrote in her opinion awarding custody to GF, while at the same time most likely paying himself and MT a salary from FORE? On the surface it also makes little no sense that FD couldn't come up with the cash for bond either and sat in jail and that this had to come from 401K per No Case Norm? 401K is last place you'd want to take cash from so if this is where bail bond came from then FD was scraping the bottom of his financial barrel to escape from BPT jail IMO.

My guess is that if there really is no cash available for bail that the FORE income departed for places unknown over the years or is parked in other peoples names either in the US or outside the US. FORE worked on many more projects than I imagined over the years but I also see the overhead in terms of staff/salary for project managers being high and my other assumption is that money left FORE for architectural services (possibly FD sister IDK?). The recent stacking up of trade claims at Sturbridge in particular has been eye opening as there were some examples of liens filed in prior years but nothing like the onslaught of what is now being seen with 6 liens now at Sturbridge (where there look to be 3 mortgages and an attachment by GF).

Pure speculation at this point but FD spent the duration of the divorce case pleading poverty yet managed somehow to keep the lights and heat on at 4Jx, cars/trucks rolling, travelled and ate out with MT all while having no visible source of recent income from sold houses and no new loans from FIL post FIL death. Its a bit of financial sorcery that is impressive but I do think it was a miscalculation to not leave enough for payment of child support etc. and bail of course--seemed to be petty IMO and designed to anger JD.

The overplaying of the poverty card over the past few years IMO makes the entire FORE story hard to believe and also casts a dark cloud over the entire FORE enterprise and FD IMO.

I'm also very curious when JD put the pieces of the puzzle together on FORE and whether she saw what was happening over time or if she had a lightbulb moment when it all came together? Did she do it herself or did she have an accountant help her?

It had to cause her pain to see no support from FD for his own children and resulted in great anger as well. Its hard to understand too why the Family Court could do nothing to compel payment or financial disclosure compliance? I just hope that the State is looking at this entire issue too as its quite baffling as to where the money went!?!?

Huge MOO!

Fo and Ho took pretty high salaries, in my estimation, for doing not much more than moving paper around. Most builders use their own guys to build or renovate a property, which is far less expensive than what Fore did, hiring subcontractors for literally everything. And it does look like at least one of the properties (Sturbridge) had multiple mortgages on it. This is exactly what I thought he would do, and it absolutely would eat up tons of capital. I just wonder what he did with the loan money from the additional mortgages? Did he put it back into the business? Did he pay property taxes with it? Is it what he was living on? Did he send it overseas? We know he wasn’t supporting his kids with it. What a gigantic mess he has made-and JD has paid the price.

 

[afitzy]

I was going ask if FD could claim his kids on his taxes but he’ll be in jail so he won’t be able to

Oh, you are quite the clown! HaHa. Given that the civil suit doesn't have fed taxes after 2016 and I believe they asked for more current info, I think claiming children is the least of FDs issue right now with the IRS!

In thinking about the IRS (dark cloud exercise!) I would think that potentially MT could have any number of issues as well between State of CT Rev and IRS.

Its really a toss up in my mind as to which client (FO or HO?) is the hardest to defend as both have substantial issues! Originally I thought the Bowman task was not that challenging but then as the onion got peeled on all the issues that MT was involved with at FORE and the possible addition of financial crimes gets tossed into the mix along with potential civil litigation from GF, then it looks like Atty Bowman has his hands full with defending MT.

I am curious though if the State does bring murder charges do they bring them against both FO and HO or just FO?

MOO

 

[afitzy]

Fo and Ho took pretty high salaries, in my estimation, for doing not much more than moving paper around. Most builders use their own guys to build or renovate a property, which is far less expensive than what Fore did, hiring subcontractors for literally everything. And it does look like at least one of the properties (Sturbridge) had multiple mortgages on it. This is exactly what I thought he would do, and it absolutely would eat up tons of capital. I just wonder what he did with the loan money from the additional mortgages? Did he put it back into the business? Did he pay property taxes with it? Is it what he was living on? Did he send it overseas? We know he wasn’t supporting his kids with it. What a gigantic mess he has made-and JD has paid the price.

Its impossible to say but the 2 private mortgages look to be from friends. That could be hugely awkward.

The price on Sturbridge was just reduced by almost $500,000 too recently so depending on the mortgage amts and GF amt held on this property, FO might not get much out if it ever sells. Property probably is still overpriced so once I get the mortgage amts and net out the trade liens and readjust the estimated selling price, it will be possible to see if there is much left over. But the avg time on market in NC is 109 days per Pitt RE: New Canaan Market Report | William Pitt Sotheby's International Realty
MOO

 

[afitzy]

Fo and Ho took pretty high salaries, in my estimation, for doing not much more than moving paper around. Most builders use their own guys to build or renovate a property, which is far less expensive than what Fore did, hiring subcontractors for literally everything. And it does look like at least one of the properties (Sturbridge) had multiple mortgages on it. This is exactly what I thought he would do, and it absolutely would eat up tons of capital. I just wonder what he did with the loan money from the additional mortgages? Did he put it back into the business? Did he pay property taxes with it? Is it what he was living on? Did he send it overseas? We know he wasn’t supporting his kids with it. What a gigantic mess he has made-and JD has paid the price.

My sense of Sturbridge is that he absolutely ran out of cash on this project.

House I believe was supposed to have pool and fully built out stone patio and it didn't look like any of that happened (see listing photos here: 61 Sturbridge Hill Road, New Canaan, CT For Sale | William Pitt Sotheby's Realty). Landscaping is minimal too.

For what its worth it looks like the financial music ended on this project and it shows IMO.

MOO