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Sovereigns checks (such as the amount, or category, of the check)
written on United Sovereigns' checking account. After May of
1992, Alta issued bookkeeping reports prepared only by Mr.
Bajgrowicz. Alta issued the bookkeeping reports only to Mr.
Christal. There is no indication that Ms. Menon ever challenged
any of United Sovereigns' expenditures.
During 1992, the employees of United Sovereigns were Mr.
Christal and Jacqueline Johanson (Ms. Johanson). Ms. Johanson
was the administrative assistant. In 1992, United Sovereigns
paid (as cash disbursements) approximately $4,800 to Mr. Christal
and approximately $17,100 to Ms. Johanson. Mr. Christal reported
$6,000 in wages from United Sovereigns on his 1992 Form 1040 tax
return.
In 1992, the only vehicle used for United Sovereigns'
business was a 1984 Volvo (the Volvo). Mr. Christal did not
provide a mileage log for the use of the Volvo. Amaranth owned
the Volvo and a 1989 Dodge Caravan (the Caravan).
In 1992, United Sovereigns claimed automobile expenses in
the amount of $2,600 representing lease payments made to Amaranth
for the Volvo. Amaranth and United Sovereigns, however, did not
have a written rental agreement with respect to the lease of the
Volvo.
On March 16, 1992, Ms. Menon signed United Sovereigns' check
2239 which was payable to Redwood City Dodge in the amount of
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