- 6 - Access to Funds Terminated In July of 1983, petitioners discontinued their transactions with Robert when they learned that he might not be able to repay them. In the fall of that year, petitioners learned that Robert no longer worked at Prudential Bache. Petitioners never attempted to obtain a note from Robert. They did not contact Katherine Gatto to learn about her business dealings with Robert. Nor did petitioners file a civil action against Robert or contact authorities about any possible crime. Indictment In early 1984, Robert told petitioners that he and Suzette were under criminal investigation related to banking activities. At the request of Robert and Suzette, petitioners provided Suzette with money to pay her attorney’s fees. On November 9, 1984, Robert and Suzette were indicted on bank larceny and conspiracy charges concerning transactions that occurred beginning July 14, 1983, at the Mechanics Bank in Richmond, California. Although the indictment against Robert and Suzette did not involve any transaction with petitioners, Mrs. Leonard was notified that some of her account records were subpoenaed with respect to the investigation. On February 21, 1985, Robert pleaded guilty to bank larceny. The indictment against Suzette was eventually dismissed. By early 1984, petitioners were aware that Robert and Suzette had little money, that they were selling their personal property, that they had borrowed money from Robert’s parents, and that their residence and the Willow Creek property were in foreclosure.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Next
Last modified: May 25, 2011