Charges Dropped Against Retired Accountant

A retired accountant, Ralph H. Turley III is no longer facing charges for mismanagement of funds. He was accused of the mismanagement of almost $1 million in retirement funds.

The charges were dropped following the death of Patsy R. Linkermann. “Unfortunately, the prosecution of the case could no longer continue without the victim to testify in criminal court proceedings,” said IllanaTate, executive officer with the Tennessee Bureau of Investigation. Linkermann died as a result of injuries sustained in a car accident. A civil lawsuit in relation to the case has also been thrown out.

Attorney Ken Burger who represented Turley said all charges had been dropped due to the fact that the team representing Linkermann could not find any evidence to validate her claims. Turley has fought the allegations since the beginning.

Turley was arrested and charged in June of 2013. Linkermann was asking for $1.5 million in damages after claiming that he lost more than $800,000 out of her retirement funds. Per court documents, Linkermann hired Turley in 1995 with the intent that he invest in low risk investments. Turley was authorized to invest in businesses and to make secured and unsecured loans. The Linkermann’s contention is that Turley authorized an unacceptable risk. They also accused him of filing incorrect tax returns.

Burger maintains that Turley is “an honest, reliable professional”, claiming that the losses resulted from the general economy issues experienced by many during the same timeframe.

Posted on January 21, 2014 at 10:00 AM