Salt Lake Tribune political coverage for Utah.
The lawsuit — filed by David Peterson, the former CFO of Destination Homes — comes shortly after Wilson started his run for U.S. Senate.
Utah law prohibits gifts to public officials and loans to public officials at lower-than-market rates, although that is not an issue raised in the lawsuit. Bell declined via text message to comment on the allegation. Hogle pointed to statements Peterson made in his own exhibits in the lawsuit that he says support his thinking.
Peterson asked for the company’s financial statements, but those were, “never produced,” the lawsuit says. Ultimately, Peterson agreed to start working at the company without a stock agreement in place. The lawsuit says Destination Homes made interest payments and paid Peterson’s loan down to $280,000, but that Wilson, “announced unilaterally that he would not be paying interest anymore on the company’s debt to Mr. Peterson.”
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