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transferred out of CCMI and into the offshore trusts were
incorrectly recorded on CCMI's books and records as payroll
expenses.
The schedule below describes the transfers that occurred
between January 10, 1982, and February 2, 1983, of CCMI's profits
from CCMI to and among the offshore trusts and into the Alpha
account:
Date Transferred Transferred Date Deposited
Amount From CCMI Through Trusts Into Alpha Acct.
$ 35,500 1/10/82 DCH-DARA-Cosmos 2/23/82
23,350 3/15/82 DCH-DARA-Cosmos 3/31/82
26,650 3/22/82 Ledner-DCH-DARA-Cosmos 4/14/82
27,696 5/12/82 DCH-DARA-Cosmos 5/26/82
35,699 9/8/82 DCH-DARA-Cosmos 9/20/82
9,115 11/23/82 DCH-DARA-Cosmos 12/7/82
16,298 12/29/82 DCH-DARA-Cosmos 2/2/83
$174,308
In 1983, certain additional transfers occurred of the same
profits or funds of CCMI that had been transferred out of CCMI in
1982 and into the offshore trust bank accounts. In particular,
on June 9, 1983, $135,000 was transferred out of the Alpha
account and back into CCMI's bank account. Between June 11,
1983, and June 17, 1983, this same $135,000 was transferred yet
again from CCMI through the above offshore trusts and back into
the Alpha account.
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Last modified: May 25, 2011