CARROLLTON –– According to a lawsuit filed in a Tarrant County district court, John Franklin Howard, the Carrollton man accused of hiring people to kill his wife, stole millions from his employer and used it to finance the attempted murder.
News 8 learned Tuesday a lawsuit was filed against Howard by Grapevine-based Raley Holdings, LLC., which hired Howard as its CFO in 2009.
The lawsuit states Howard set up companies to siphon millions of dollars from Raley accounts in Kuwait into bank accounts in his name. When Howard posted $1 million bond on Monday, his wife signed an affidavit saying her husband owned several "shadow" companies and may be in control of more than $32 million. She asked that the court immediately freeze all of his accounts.
This lawsuit explains where that money would've come from.
Howard was in charge of Raley's financial records. He was the sole person responsible for writing checks and wiring money on the company's behalf.
He's being accused of creating accounts for four separate companies with himself at the helm. Those were Genshu Management Company, Inc.; JFH Management Company, Inc.; Snew Management Company, Inc.; and Sutaho Management Company, Inc.
When Howard was arrested, a police affidavit alleged that he wired money to a person using the Genshu account, which was meant to be a payment for having his wife killed.
The lawsuit says that Howard funneled millions of dollars from Raley bank accounts based in Kuwait to the four companies he created.
"All of the Plaintiff's funds that have been deposited in the subject accounts rightfully belong to the Plaintiff," the lawsuit states.
Raley says Howard wrote at least $144,000 in checks to himself and classified them as "office supplies."
The lawsuit says Raley discovered that Howard was embezzling the money upon his arrest.
His wife Nancy Howard was shot in the face during an August 18 attack in the driveway of her Carrollton home. She is expected to recover from her injuries.
Court documents related to the murder case allege that Howard, 52, spent more than $100,000 attempting to enlist others who would kill his wife. He faces a charge of attempted capital murder. And, again, he was freed Monday on a $1 million bond.