- 8 -
Total $55,929.57
Petitioners did not pay any consideration for the real
property that Mr. Fisher transferred to them on June 6, 1991, or
for any of the subsequent loan payments made by Mr. Fisher to
REFI.
Transfers of Cash
Between December 3, 1991, and March 14, 1992, Mr. Fisher
sent six checks to petitioners, which totaled $81,917.67.6 These
checks were drawn from the bank accounts into which Mr. Fisher
had put diverted telephone commissions. Of the $81,917.67 in
checks from Mr. Fisher, two checks in the amounts of $13,620.80
and $13,822.68 were not honored because of insufficient funds in
Mr. Fisher's accounts. Therefore, the total amount deposited by
petitioners into their joint account was $54,474.19. Shortly
after these checks were deposited into petitioners' account, Mr.
Fisher directed Mrs. Griffin to return some of the proceeds to
him and to his designees. The total amount ($40,016.22) returned
by petitioners between December 23, 1991, and March 13, 1992,
was:
Date Payee Money Order No. Amount
12/23/91 Rodger Fisher T1908127 $15,000.00
02/03/92 Elizabeth Bollema T1908442 500.00
6During this time, petitioners were living in the State of
Arizona.
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