Maurice E. Hodgkins and Barbara J. Hodgkins - Page 7

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          into the deal.  One of the new partners, John S. Foggy, deceived            
          John by purchasing the remaining unoptioned property.  To fight             
          this deception, on December 15, 1988, John bought out Larry.                
          Larry agreed to give up his interest in Westlake, and as                    
          consideration John guaranteed Larry the return of his capital and           
          a $50,000 profit, a total of $61,000.  John secured his guarantee           
          by deeding Chancery Court to Sid, Larry's brother.  This time the           
          agreement did not prevent the recording of the deed, and Larry              
          recorded it on December 22, 1988.  Larry promised to have Sid               
          redeed the property to John as soon as Larry received his money.            
               The Westlake Agreement explains that Sid's name was used on            
          the Chancery Court deed because Larry was experiencing palimony             
          problems.  But another possible reason for this action appeared             
          on January 31, 1991, when the State of California brought a                 
          complaint for forfeiture in rem against Chancery Court.                     
          California alleged that Larry was a drug king and that Larry's              
          agents sold drugs at Chancery Court.  The State further alleged             
          that Larry owned Chancery Court, as well as other property, and             
          that the owners of record were mere straw men.                              
               The titles to two properties, including Chancery Court, that           
          Larry allegedly owned listed Sid as the owner.  Sid, however, did           
          not know why his name appeared on either one of the deeds, and he           
          officially disclaimed any right to Chancery Court on February 4,            






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