- 28 -
tificates of deposit in the name of Double Wealth. Interest on
the certificates of deposit in the name of Double Wealth was paid
on the following dates:
Aug. 12, 1985
Sept. 12, 1985
Oct. 15, 1985
Nov. 13, 1985
Dec. 11, 1985
Jan. 13, 1986
Feb. 11, 1986
Mar. 11, 1986
Apr. 11, 1986
May 13, 1986
On April 16, 1986, BB $1,625,000 Loan No. 2 was increased by
$400,000 to $2,025,000 (BB $2,025,000 Loan No. 2). The increase
in the loan amount was secured by a $400,000 certificate of de-
posit (Double Wealth $400,000 CD) in Bangkok Bank LA branch in
the name of Double Wealth.18 The Double Wealth $400,000 CD
matured on June 11, 1986, the same date on which BB $2,025,000
Loan No. 2 was due and the same date on which the third
$1,625,000 certificate of deposit in the name of Double Wealth
that also served as security for that loan matured. From the
time the Double Wealth $400,000 CD was issued on April 16, 1986,
until it matured on June 11, 1986, Bangkok Bank LA branch blocked
the deposit represented thereby so that it could not be withdrawn
by Double Wealth.
18 The $400,000 deposit in the name of Double Wealth that was
used to purchase the Double Wealth $400,000 CD was made in
Bangkok Bank LA branch on Apr. 14, 1986.
Page: Previous 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 NextLast modified: May 25, 2011