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application as "Manager and Director". The parties have
stipulated that Mrs. London was the "liquor licensee" of
London's Cafe, Inc., d/b/a/ Heller's Cafe from 1974 through
at least December 1986. In this opinion, we refer to the
corporation as London's Cafe, Inc., and to the bar as
Heller's Cafe.
Check-Cashing Business
From 1977 through 1993, Mr. London also conducted a
check-cashing business as a sole proprietorship, M.L.
Associates, from an enclosed area in Heller's Cafe. M.L.
Associates charged its customers a fee for cashing checks.
The fee ranged from 1 to 15 percent of the total amount of
the check. Mr. London also lent money to customers and
charged various rates of interest ranging from 5 to 200
percent per week.
Mr. London used two bank accounts for the check-
cashing business, Essex Bank account No. 069-159-7 and
Shawmut County Bank account No. 616-781-0. During the
years 1980 through 1985, the aggregate deposits made to
these accounts are as follows:
Year Amount
1980 $16,074,523.13
1981 16,827,056.79
1982 21,791,552.32
1983 29,202,291.31
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