Witness: Bernie Tiede netted $3.6 million off Nugent

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UPDATE: The state has rested its case in the new sentencing trial for Bernie Tiede.

HENDERSON (Longview News-Journal) — The relationship Bernie Tiede struck up with oil widow Marjorie Nugent netted the funeral director who buried her husband some $3.6 million, a prosecution witness Tiede’s new murder sentencing trial told jurors this morning.

According to our newspaper partner Longview News Journal, the flow of funds, from January 1991 to Tiede’s arrest by Panola County authorities in August 1997, nine months after he fatally shot his benefactress, were at first accompanied by deposits to Nugent’s account, a research specialist for the state attorney general testified.

Witness Stephen Thompson said those deposits, ostensibly representing returns on investment Tiede was earning for Nugent, amounted to nearly $250,000.

The amount contrasts sharply with more than $3.8 million which moved from Nugent into several bank and brokerage accounts attached to Tiede’s name.

Thompson also described bogus deposit slips, shown on juror monitors and a courtroom screen, indicating additional, phantom deposits to Nugent’s account.

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