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Wright. He did so as an accommodation to Mr. Goldberg, who told
him that it was a legitimate transaction. An employee of
Matthews & Wright then restrictively endorsed these share drafts
for deposit to the account of Matthews & Wright. These share
drafts did not enter any banking channels; instead, Mr. Schwartz
took them home over New Year's Eve and later kept them in a file
at the credit union.
Also, on December 31, 1985, in Houston, Interfirst's
officer, H. Bradbury Foster, exchanged cross-receipts with Mr.
McCown, who was now representing Matthews & Wright's interests.
Interfirst recorded evidence of the share drafts and of their
exchange for the investment agreements on its corporate trust
books for December 31, 1985.
Officers of Interfirst were familiar with Matthews & Wright
as being a Wall Street underwriter of tax-exempt municipal bonds.
Just before the closing, they were informed that the Bonds would
be held and warehoused by the Commercial Bank of the Americas in
exchange for its investment agreements. Mr. Foster found the
Commercial Bank of the Americas listed in an international
banking directory. The information in the directory matched the
information concerning the bank he had received from Mr. Newman.
Mr. Foster also contacted Interfirst's international department,
which verified his information. Interfirst's head office then
referred him to the bank's New York international office. That
office also verified the information he had received. When
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