- 25 -
certificates of deposit for the Sley Corporations. For example,
in July 1984, petitioner told Baybrook to telephone the Mellon
Bank, where Markette had an investment account, and have $1
million transferred from the Mellon Bank to the National
Permanent Bank of Washington to buy certificates of deposit. In
October 1984, petitioner told Baybrook to telephone the Mellon
Bank and have that bank transfer $75,000 to Markette’s checking
account.
On February 3, 1986, petitioner moved the amounts shown in
table 2 from the National Permanent Bank of Washington and
deposited these funds into accounts he had opened in the names of
the Sley Corporations at the National Bank of Washington.
Table 2
Corporation Amount Transferred
Markette $1,663,963.84
Brine Corp. 1,171,718.68
Girard Holding Co. 433,638.66
On February 4, 1986, petitioner transferred by wire
$432,638.66 from Girard Holding Co., Inc.’s account at the
National Bank of Washington to the Mellon Bank. On February 4 or
5, 1986, $1,170,718.68 was transferred by wire to Brine Corp.’s
account at Mellon Bank and $1,654,754.92 was transferred by wire
to Markette’s account at Mellon Bank. Generally, Ben was not
involved in decisions to invest money in particular certificates
of deposit or to move money from one bank or account to another;
Page: Previous 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 NextLast modified: May 25, 2011