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about the firms' performance, and a personal interview relating
to the business growth and performance of the nominee's firm in
recent years.
E. Choate's Assistants
1. Dudley, Freese, and Barrett
In 1989 and 1990, Choate hired Freese to estimate bids,
Barrett to do interior work, and Dudley to pursue job leads.
Choate trained Dudley, Freese, and Barrett. Choate's training
and education of Dudley regarding the construction industry was
vital to Dudley. Choate was Dudley's primary mentor in the
construction business.
On June 30, 1990, Choate sold 500 shares of petitioner's
stock to: (a) Freese for $20,000, which Freese sold back around
December 31, 1993, for $95,219; and (b) Barrett and Dudley for
$27,518, which they each sold back around January 1, 1995, for
$128,382. Choate owned 85 percent of petitioner's stock when
Dudley, Freese, and Barrett each owned 5 percent. Dudley pledged
his home as collateral to Choate to secure the loan from Choate
that Dudley used to buy the 500 shares from Choate.
In 1992, Dudley, Freese, and Barrett asked Choate to split
petitioner's profits based on stock ownership until a certain
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