- 30 -
into the laptop computer that he took with him from San Antonio
to produce LTD's financial statements and general ledger.
The data and general ledger system for both INC and LTD were
needed in Mexico because Michael Graves, another INC employee,
and Mr. Rodriguez were producing consolidated financial
statements. While in Mexico, Mr. Graves was responsible for
insuring the integrity of the general ledger system and its
proper operation. When Mr. Graves and Mr. Rodriguez returned
from Mexico to San Antonio, they brought with them the computer
tape containing the client statements, the laptop computer
containing the general ledgers for LTD and INC, and a floppy disk
containing the general ledgers for INC and LTD.
J. The Transition to MultiValores
By the end of taxable year 1986, the Inver Group consisted
of seven operating companies. During early 1986, the operations
of InverMexico underwent a fundamental change, coinciding with
its registration as a public company on the Mexican stock
exchange. Such changes led to divisions within the Inver Group
and a reexamination of LTD's relation to InverMexico.
During January 1987, Luis Garcia Blake, the principal and
owner of MultiValores S.A. de C.V. (MultiValores), a small,
Mexican stock brokerage firm, proposed to Mr. Zollino that LTD
join forces with MultiValores. The eight LTD partners who left
InverMexico were joined in the new Inver Group by six principals
Page: Previous 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 NextLast modified: May 25, 2011