Reply #1: He was kind of a faux millionaire....he had a shit load of debt. [View All]

[MADem]

The Wards were under tremendous stress from the bankruptcy of his company and a lawsuit over his business practices. A broken wine glass, a wine stain on the patio and a similar stain on Ward's shirt indicated they had been fighting before Diane Ward died, the prosecutor said.

Defense attorney Kirk Kirkconnell told jurors it was against Bob Ward's interests to kill his wife because her death exposed his assets to his creditors.

Bob Ward's company, Land Resource, filed for bankruptcy almost a year before the shooting. He was being sued by an insurance company that accused him of taking more than $20 million from the sale of lots in subdivisions he was building in Tennessee in 2007. The insurance company, which had issued bonds for the subdivisions, said Ward should have used the money to improve the subdivisions, but instead paid off debts and went on a spending spree.


Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2011/09/23/national/a191924D13.DTL#ixzz1YtTEGAGz