UT - Kouri Richins, 33, Author, wife, mom, charged in husband’s unexpected death last year, May 2023 #3

[Megnut]

 

[BUF]

He’s going to request a potty break soon with all that water he’s drinking…

 

[arielilane]

another option to watch live stream

https://twitter.com/x/status/2029301454444605799

 

[tlcya]

He’s going to request a potty break soon with all that water he’s drinking…

was literally just thinking that. His head is down again he appears to be crying

 

[Megnut]

No shortage of destruction in KR's past.

JMO

 

[arielilane]

Court recess for five mins

 

[Megnut]

Is she capable of feeling bad? Feeling anything?

He did apologize to the judge.

JMO

 

[arielilane]

He’s going to request a potty break soon with all that water he’s drinking…

Could I get some numbers for lottery?

 

[tlcya]

getting close to the date of the murder. Judge asks if Josh needs a break and Josh says "I don't know what I need" prosecution says yes if he needs a break lets do that. Judge calls for a five minute break. Josh is emotional and crying, needs to compose himself.

Josh feels like he wants to say something. Judge reminds him he will need to wait until back in session and can only simply answer the questions. It's important that you just wait for the questions. Jury being called back in.

 

[Megnut]

He wants to go rogue.

The Defense best leave cross alone.

JMO

 

[LNL]

In my earlier comments about the loans, I focused on what her "plan" was (to borrow more than the sale price, to theoretically rehab and sale the place), but I didn't spend enough time thinking of how she was able to get these loans. (I should have thought about it better, because I have done a lot of real estate deals over the years.) My bad.

But the lenders were not taking big risk! They were working from a different business model that did NOT necessarily depend on her success in rehabbing and selling the house in question. Instead, their "due diligence" would have been on the value of the real estate itself. If the loan went bad, they could take the real estate and sell it and get their money back. So if they had determined that the property was worth well more than the loan, their risk was minor.

Before the Midway Mansion, that is.

In all those other loans (by the chart provided), the primary lender was only lending a small portion of a home's value. As her personal financial situation was getting worse, they were willing to loan a smaller percentage. It was 40% at first, then 30% on later deals. For example, on a $150K-appraised home, they were only lending 60K, then later deals only 45K, and being guaranteed by a lien on a property worth $150K. The rehab loans were for 30% (usually) - one year for 40% - of the home's value. The rest of financing was cobbled together in year 1 from personal cash, HELOC, year 2 from a "loan" from Eric's company, year 3-4 from a combo of aunt Doreen and a hard money lender (MUCH higher APR and harsh penalties that are very expensive) and loans against "receivables" (robbing Peter to pay Paul, as the expression goes).

The loans themselves also cost money which added to the debt - the closing costs were always going to add a big chunk each time she did a loan to get cash value out of a property's value (and she was doing multiple loans on each property).

What was upside down wasn't the original loans themselves, but rather the "carry" on the properties, as she had to make payments on all these loans without having the money to do so, so she would take out another loan to pay what she needed to get caught up, plus a bit more. The mountain of actual debt kept getting bigger and bigger by doing it that way, and had grown to about 1.6M by the time she murdered ER (who conveniently had 1.35M in insurance on him to pay to her).

In theory, the Midway Mansion - if her sales pitch* had any truth to it - would have paid off her debt once it was rehabbed and sold, but she had a hard road of managing debt to be able to actually rehab and also to sell, and to do so as quick as she was committed to doing in her loan contracts. (* I suspect the sales pitch she gave potential buyer about how much she was looking at in profit was not something she was really envisioning doing herself, but rather an attempt to put lipstick on the pig and sell it at a sizable profit to someone else, who would do the work and make the supposedly big windfall.)

But the lenders were smart. The banks weren't really at major risk, because they made sure they had the security of the real estate. As long as the appraisal left them at virtually no risk if she defaulted, they were happy to see her.

 

[arielilane]

Prosecutors are spending a lot of time showing pages and pages of text messages detailing Kouri Richins' and Robert Grossman's relationship; now Feb. 19, 2022 text messages.

Again, mostly silence in the courtroom, since jurors are just observing and waiting for a next batch of texts to show on the screen.

IN COURT: Grossman shaking his head. Looking up at the Judge on occasion as if he wants to say something.


IN COURT: Glancing at a text on the screen that was from Kouri to Robert saying 'he's sweet' and she loves him... Grossman put his head down again.

He's wiping away more tears; sniffling.

https://twitter.com/x/status/2029315815112319400

 

[Megnut]

He's a victim.

She lied, misrepresented herself to him.

It's obvious he feels awful.

Wrong person. She should feel awful.

JMO

 

[arielilane]

IN COURT: "I'm sorry." - Grossman to Judge Mrazik.

"No need to be sorry." - Judge Mrazik back to Grossman.

Quick break. Jury is gone. Grossman will head to the lobby by himself; the rest of the court is being asked to stay put.

Bailiff brings him a bottle of water. Grossman says he is good and doesn't want to exit the courtroom.

Jury coming back.

https://twitter.com/x/status/2029316537304400333

 

[aamillaa]

So we’ve seen the affair partner cry.

CL cry discussing ER’s death

The estate attorney cry over KR wanting to force cremation.

Guess who we haven’t seen shed a single tear? Including on police body cam…

He's a victim.

She lied, misrepresented herself to him.

It's obvious he feels awful.

Wrong person. She should feel awful.

JMO

 

[LNL]

SteveS, Thank you for the detailed reply. It makes sense and I better understand what was going on with her, so thank you.

 

[arielilane]

Witness RG is in distress and the defendant is having a snack.

 

[arielilane]

3:02 p.m. Judge tells everyone in the courtroom to sit tight. He tells Grossman he can stretch his legs and he needs him to be present. Grossman says he has something he wants to say. Judge tells him he needs to wait. Grossman says he’s ready. Judge says it’s going to take a few minutes. Judge tells Grossman he needs to wait for a question. He clearly has stuff he wants to say.


3:01 p.m. More text messages about them loving each other. Bloodworth asks Grossman if he wants to take a break. Judge says we will take a 5 minute break.

2:57 p.m. We see more text messages where Kouri discusses a business deal with Grossman. Then says she misses him and wants him today, everyday. He responds and then she tells him to keep thoughts to herself. These texts are going quite fast so it’s hard to keep up. Grossman has his head down on the witness stand. He is wiping tears from his eyes.


2:56 p.m. Bloodworth is not having Grossman read these text messages. Instead, they are appearing on a screen in front of the jury. On his way out of court yesterday, I asked Bloodworth why the witnesses are not reading the texts. He says he would rather have the jurors read them in their minds.

Nate Eaton, EastIdahoNews.com​

 

[tlcya]

jury is back we are moving forward with more texts between the lovers.

Kouri appears to be breathing hard. No clue if it is in response to seeing her lover or the texts being displayed on the screen before her. Josh seems unable to look at her, his eyes going everywhere else.

2-23-22 text exchange.

 

[tlcya]

Kouri describes "crazy" dream