-22-
even though it owned their home; Robert explained that this was
because their daughters lived there and their daughters were the
Riago Trust's beneficiaries.
In 1989, Storch obtained a Florida judgment which permitted
his clients to collect their prior judgment from assets held by
the Riago Trust. Storch was able to seize only clothing,
exercise equipment, and "some odds and ends" from petitioners'
home; he was unable to locate some assets, and some assets were
so heavily liened that Storch did not believe there was enough
unencumbered equity to make it worthwhile to pursue them.
G. Cocoa Trusts
During 1980 and 1981, Robert acted as a trustee for Cocoa
Trust I, II, III, IV, V, and VI, hereinafter sometimes
collectively referred to as the Cocoa Trusts. The Cocoa Trusts
were established in 1980, as vehicles for various individuals'
investments in certain patents and to help fund Continental Dutch
Cocoa, Inc. The Cocoa Trusts Escrow Fund, an account in Southern
Ohio Bank, served as a depository account for the Cocoa Trusts'
investors' funds and as the general operating fund for the
project that included Continental Dutch Cocoa, Inc., and the
patents. SSI solicited investors for the Cocoa Trusts, and
served as the manager of the Cocoa Trusts' project.
Page: Previous 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 NextLast modified: May 25, 2011