Drew Funneling Money To Steve

[philamena]

Thank you Tom'sGirl.
I thought for certain I'd read that either wife 1 or 2 died of supposed natural causes.

 

[Tom'sGirl]

Thank you Tom'sGirl.
I thought for certain I'd read that either wife 1 or 2 died of supposed natural causes.

Nope, just a rumor
http://gretawire.foxnews.com/2007/11/08/thursday-how-crazy-can-this-business-get-dont-answer/

 

[chicoliving]

Thank you Tom'sGirl.
I thought for certain I'd read that either wife 1 or 2 died of supposed natural causes.

Early on there were reports that either wife #1 or #2 had died of natural causes....it was iffy there for a few days to a week until more info came out.

 

[Schmerty_Jones]

No ! Just #3 who drowned in a dry tub with head wounds ,lacerations & bruises matching a "night stick" over her body. Now # 4 who took a bikini & $25,000, but not her cell phone ,passport or any "sexied-up " clothing or called about her children. If Bolling brook or Illinois state police don't get it , Steve C. will convince them that wife#5 Begged DrewP. to kill her because it gave her a thrill. There are stupid ignorant fools around us. Let's hope the LE who serve & protect finally catch on to their responsibilities

 

[philamena]

Early on there were reports that either wife #1 or #2 had died of natural causes....it was iffy there for a few days to a week until more info came out.

chicoliving,
Thanks for the reply.

 

[philamena]

No ! Just #3 who drowned in a dry tub with head wounds ,lacerations & bruises matching a "night stick" over her body. Now # 4 who took a bikini & $25,000, but not her cell phone ,passport or any "sexied-up " clothing or called about her children. If Bolling brook or Illinois state police don't get it , Steve C. will convince them that wife#5 Begged DrewP. to kill her because it gave her a thrill. There are stupid ignorant fools around us. Let's hope the LE who serve & protect finally catch on to their responsibilities

:woohoo:

 

[SeriouslySearching]

If Drew would happen to slip off...Wow! Can you even imagine how many heads would roll and how many FBI agents (64, I believe) would be kicking themselves?! How incompetent would LE look if Drew disappeared?!

 

[philamena]

Their LE dept would be the laughing stock of the entire country!

 

[Schmerty_Jones]

Their LE dept would be the laughing stock of the entire country!

SO..OO..OO .O let's hope there is pressure to handle this efficiently & let it be a lesson to ALL dirty cops & Inefficient Police Depts.The time has come... :furious: :banghead: The word is out.

 

[Taximom]

I don't know if this proves anything but the WBBM article says this about the transfer:
http://www.wbbm780.com/Attorney-Explains-Why-Peterson-Transferred-$200-00/1356582
Drew Peterson's lawyer acknowledges that in the days after the former police officer's wife disappeared he transferred $200,000 from a joint account the two had into one controlled by one of his sons.

==
So it's likely this was an "or" situation where he didn't need Stacy's signature. It also says "transfer" which may be different than withdrawing. Perhaps the line of credit is simply in Steve's name, therefore payments wouldn't necessarily start unless money has been withdrawn.

Maybe the house is in Steve's name now too.

 

[nanandjim]

Drew always seems to be one step ahead of the law, doesn't he?

 

[DeltaDawn]

I don't think you could put a line of credit in someone else's name that was tied to a mortgage on a house that was not theirs. I think he probably wrote a check on the joint line of credit and gave that to Steve.

 

[Taximom]

That's why I suggested the home may have been transferred to Steve as well, especially if it was paid off.

I don't know all the intimate details of mortgages and loans etc. so I really am just thinking out loud. I can't believe he'd want to start making those payments if he has actually withdrawn all that money. That's ridiculous.

Then again, maybe he figures he'll be arrested by the next payment date and it won't be his problem anymore.

 

[robthomaseyes]

OMG, that might be why he made that odd comment about Stacy taking the deed...???

Maybe the son is actually holding the deed and it's been transferred to him so Drew won't lose the house. Not sure how he thought the lie about Stacy would work, though.

 

[panthera]

I don't think you could put a line of credit in someone else's name that was tied to a mortgage on a house that was not theirs. I think he probably wrote a check on the joint line of credit and gave that to Steve.

I'm also wondering how his son is going to get around paying taxes on this money unless he and DP also have a joint account together?

 

[SeriouslySearching]

Drew always seems to be one step ahead of the law, doesn't he?

They are just waiting on him to trip.

 

[Tom'sGirl]

I'm also wondering how his son is going to get around paying taxes on this money unless he and DP also have a joint account together?

Maybe his son Stephen is Power of Attorney on the checking account which gives him the authority to write checks on the account.

 

[philamena]

That is an excellent point Tom'sGirl.
Surely dectectives are watching every check drawn on that account.

 

[panthera]

Maybe his son Stephen is Power of Attorney on the checking account which gives him the authority to write checks on the account.

You might be right. To me there has to be some way he's going to get around that showing as "income".

 

[DeltaDawn]

Actually only a portion would have be shown as income. I think this year you are allowed 12,000 per person as a gift..it may even be a little more.
So we say Drew gave this money in part to Steve as a gift for Steve, his wife, all Drew's other children that would be 72000 for the 4 kids, Steve, plus his wife. But the rest would have to be taxed. Unless he set this up as a trust..which Steve may have done.