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John Howard sued, restrained and to be divorced: New court documents show a series of unfortunate events for the alleged hit-for-hire husband
By Marthe Stinton, mstinton@starlocalnews.com
As reports surface regarding Nancy Howard's restraining order against her husband for allegedly trying to kill her, more developments show that John Howard is being sued for allegedly embezzling millions of dollars from his employer.
Raley Holdings, LLC, filed suit against John Howard and JP Morgan Chase Bank, N.A., in Tarrant County, according to court documents filed Sept. 7.
According to the documents, Raley Holdings employed Howard in 2009 as its chief financial officer and accountant. During this time, Howard had authorization to write checks and wire funds on behalf of the company. The documents state that Howard had full access to the company's banking and investment accounts and was the sole person responsible for maintaining the company's financial records.
The company also recently found accounts created by Howard that were established in his name alone. The accounts are associated with Genshu Management Company, where Howard is listed as the sole agent and president of the company; JFH Management Company, Inc; Snew Management Company, Inc; and Sutaho Management Company, Inc. According to court documents, Howard is the sole director of all the companies and owner and sole signatory on the related bank accounts.
From 2009 to 2011, millions were transferred from Raley Holdings, located in Kuwait, to the Genshu, JFH, Snew and Sutaho accounts. All accounts were located at Chase Bank in Colleyville. Millions of the dollars transferred are unaccounted for, according to court documents.
The suit claims that Howard misappropriated company funds, benefitting personally from it, and on one count, Howard abused his check-writing authority by writing checks to himself and attempted to hide his conduct by claiming the checks were for "office supplies." Raley Holdings also claims in its suit that Howard used the money embezzled from the company to pay for a hitman.
So far the company's claims are backed by Nancy Howard, who stated in court documents that during John's bail hearing it was revealed that there are several "shadow" companies in his name and that he could be in control of more than $32 million.
Nancy also requested that the court immediately freeze all accounts except for the sum of $50,000 for each of them from any account accessible to prevent irreparable harm to their estate. She also stated that John may be a flight risk and asked that a restraining order be granted.
"Unless the court grants the temporary protective order and temporary restraining orders requested, irreparable harm could result to me and our community estate," an affidavit from their divorce hearing states.
She also addressed any electronic documents he many have on his computer, cellphone or personal data assistant.
"I ask this court to restrain my husband from destroying, disposing or altering any email, text messages or other electronic data that may be relevant to this case," court documents filed on Nancy's behalf state. "I am afraid that once served, my husband may delete or alter electronic data that he has stored on computers, personal data assistants or cell phones. The deletion or alteration of such electronic data would cause irreparable harm to the community estate."
Nancy also said that her decision to divorce John "does not express conviction of [her husband's] guilt in the matter of criminal solicitation, but is the required response to [her] husband's infidelity and deception where [their] joint finances are concerned."
On or about Aug. 25, John Howard confessed to a three-year long affair with a woman in California. At the bail hearing on Sept. 7, John admitted to purchasing a home for his mistress at Lake Tahoe valued at $800,000, and also sent the woman a one-time payment of $500,000 and additional payments for the woman's daughter to attend college.
Nancy and John had been married almost 30 years, and during that time, according to court documents, Nancy said she had been a housewife and all monetary business was handled by her husband. She said at the bail hearing that she had assumed all of their joint assets were associated with Signature Bank on Arapaho Road in Dallas.
"I am unaware of the locations of any other accounts that he allegedly controls," Nancy said in an affidavit.
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