McDonnells hope accountant can testify there was no financial hardship

RICHMOND, Va. (WTVR) — Bob and Maureen McDonnell were back in court Tuesday, just weeks before the start of their trial on July 28.

Their appearance comes just days after learning their daughter is expecting a child.

“I am really happy about that — my little girl is having our first grand baby and it’s a bright light during a tough time for us, but I am excited about it,” McDonnell said, as he left the courtroom.

Maureen McDonnell, who did not leave with her husband, simply said “I’m happy.”

In the courtroom, the McDonnell defense team was fighting for the testimony of Allan Kosowsky, a certified public accountant from Connecticut.

Click here to continuing coverage of this developing story.

Click here to continuing coverage of this developing story.

The McDonnells want Kosowsky to testify that they were not in financial hardship during the period in question, undermining the motive prosecutors have alleged.

The prosecution, lead by Michael Dry and David Harbach, have laid out in court documents that because of a severe financial strain the McDonnell’s accepted over $100,000 in gifts.

“Bob McDonnell would want this witness because it shows he didn’t have a motive to commit this sort of a crime,” said CBS 6 legal analyst Todd Stone.

Kosowsky testified Tuesday that because of Bob McDonnell’s inheritance, as well as low interest credit cards, access to retirement funds, and a well-financed sister, the family was on “sound” financial ground.

This goes against what Maureen McDonnell is shown to have written in a 2009 email: “We’re broke.”

Kosowsky said that Bob McDonnell’s sister Maureen, the 50/50 partner with Bob McDonnell in house rental company MoBo, reportedly makes $500,000  a year and has access to over a million dollars in assets.

Kosowksy also said that when Bob McDonnell’s father died, he did not charge an executor’s fee worth a reported $30,000 dollars, meant to further highlight the former governor’s strong financial footing.

In his analysis, Kosowsky  suggested that Bob McDonnell’s  $10,000 withdrawal from his retirement funds should not be seen as someone in need of financial help.

Apart from testifying on the McDonnell’s finances, Kosowsky also spoke to what benefit, if any, Jonnie Williams received for cooperating with the government.

Williams is considered the star witness for the prosecution and the man behind the McDonnell gifts. In previous court hearings it was revealed Williams was offered transaction immunity by the government in regards to other, separate investigations.

Kosowsky said that Williams made over nine million  a year with Star Scientific. Kosowsky said that because the government put a stay on litigation against that company, the business which Williams maintains a financial interest in, was able to “live another day.”

While Judge James Spencer said he would rule on whether Kosowsky can testify by Wednesday, the cost of McDonnell experts are beginning to add up.

Kosowsky said he is billing McDonnell $400 an hour  and that he has already worked about 150 hours.

Peter H. White, an attorney McDonnell also wants to testify, is charging McDonnell $940 an hour.

If there is any good news for the McDonnells it is that their legal defense fund has raised close to $250,000 dollars since it began next year.

Experts say the cost of the trial could be in the millions.

6 comments

  • airjackie

    Great defense for illegally taking gifts, loans and deals. Now if every person who had a defense of not really needing the money many people would not be in jail today. Charles Keating would have loved if a court would fall for that as he was wealthy and still is after doing time in jail for the crimes committed.

  • Robbie

    McDonnell is a poster child for today’s elected officials. I wonder which one of his cronies is paying his attorney fees. He or Ms. Beverly Hills will ever spend a day in jail.

  • Becky

    A Republican must be character assassinated and prosecuted for the exact same things the
    that Democrats used and abuse everyday in the Consortiums of Special Interests. Their
    Government “Leaders” hold hands with their Lobbyists, Donors, Friends, Cohorts, Favorite Developers to extort Our Taxes away municipal obligations for the entire population toward
    their Party’s Exclusive Special Interests. It is NOT corruption, collusion, extortion of taxes IF Democrats set up their friend and donors to Bottom Ball Park, 2015 Bike Championship with Bike Over Ride Rules and entitlements, free give away of Monroe Park to Consortium Friends, Bon
    Secours Redskins Deals, Altria/Mosque, etc., etc. . Hard to reconcile McDonnell to the Carte
    Blanche Jones, McAuliffe, Obama Government/Media, Inc. No out cries, “investigations”, or prosecutions when it is blatantly clear, obvious, transparent that what they accuse McDonnell of doing is exactly how Democrats Dictate their Governance for their Exclusive Special Interests,
    negating the Public Say to their taxes.

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