(Download) "People v. Parga" by Colorado Court of Appeals # eBook PDF Kindle ePub Free
eBook details
- Title: People v. Parga
- Author : Colorado Court of Appeals
- Release Date : January 19, 1975
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 51 KB
Description
Pursuant to an agreement for the sale of real estate in the Swanson estate, which was signed early in 1973, Carl Swanson executed a deed to Victor Reynolds, a friend and client of Pargas, for $51,000. The evidence shows that Reynolds was a strawman who allowed Parga to use his name in the transaction but did not intend to purchase the real estate. After the deed to Reynolds was recorded, Parga obtained a loan from a bank where he was a director to pay Swanson for the property. In order to secure the loan, Parga advised the bank that he was the secretary of The High Country Construction Company, which was a defunct corporation that had not transacted business for several years. The High Country Construction Company was owned by another friend and client of Pargas, Clayton Melby. In order to secure the loan, a note was signed by both Parga and Melby, and Parga pledged a $30,000 certificate of deposit which he owned and personally guaranteed the loan. When the loan was secured, Parga paid Swanson and caused Reynolds to deed the surface rights to The High Country Construction Company and to sign a deed in blank as to the mineral rights. The deed to the corporation was duly recorded. Thereafter, on behalf of The High Country Construction Company, Parga and Melby signed the deed to the surface rights in blank, and Parga took possession of both of the blank deeds. Pargas name was not entered on the deeds, and the deeds were never recorded. The deeds were kept in the estate file in Pargas law office.
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