Opinion ID: 2756545
Heading Depth: 3
Heading Rank: 4

Heading: June 2005 Interview of Teers by IRS Agents

Text: Prior to the closing of the August 2005 loan, Special Agents from IRS Criminal Investigations interviewed defendant Teers on June 15, 2005, in connection with a tax fraud investigation of Hulse. Special Agent Paul Duncan testified that, during the interview, the agents showed Teers the account statement forged by Hulse showing G&H’s ownership of $28 million in bonds and asked Teers about it. Teers denied having assisted in making the statement and denied knowing why Hulse was sending it to potential lenders. The agents also showed Teers a list of bonds that the agents had received from one of the financial institutions from which Hulse had attempted to obtain a loan. Teers did not deny supplying the list of bonds, but stated that neither he nor Hulse claimed that Hulse owned the bonds. Teers instead claimed that the list showed the types of bonds that were available for purchase. Teers also denied having ever vouched for anything for Hulse. Finally, Agent Duncan told Teers during the interview that he did not believe that Teers was being truthful; that prospective lenders were all saying that Hulse was representing to them that he owned the bonds; and that by representing 7 Case: 13-15677 Date Filed: 12/02/2014 Page: 8 of 49 that Hulse owned the bonds, Teers could be committing bank and securities fraud. Teers did not disclose the fact that he had been interviewed by the IRS to either the Bank or Tri-Star.