Raymond L. Monk, Jr. - Page 4




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          security cameras so that he could watch the bar from the                    
          apartment and set up separate phone lines for the bar and                   
          residence so that he could be reached at any time with questions            
          or problems.  As the years passed, though, about the only problem           
          Maney really had was the occasional bounced check.  That wasn’t             
          enough of a problem, however, to deter him from offering to cash            
          both payroll and personal checks for his regular customers.                 
          Since many of them didn’t even have bank accounts, cashing their            
          checks inclined them to spend more money at the bar.  (On this              
          point we found Maney particularly credible.)  In any event, the             
          increased business offset the risks of check cashing.  Out of               
          convenience more than anything else, Maney would keep any extra             
          change from the check (i.e., if the check was for $510.53, he’d             
          give the customer $510 and keep 53 cents) and set it aside along            
          with other change collected to help pay for an annual children’s            
          Christmas party.                                                            
               Per his oral agreement with Monk, Maney paid for all                   
          interior expenditures himself and deducted the cost of any                  
          exterior repairs and maintenance from the $2,500 monthly rent               
          that he paid Monk.3  Maney’s sister originally kept the books for           
          Chuck’s Place, but Maney’s wife took over when his sister started           
          getting--as Maney put it--“sticky fingers with the revenue.”  At            


               3 Maney referred to this cost allocation as the “swinging              
          door” agreement:  if the door swung in, Maney was responsible; if           
          the door swung out, Monk was on the hook.                                   





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