- 12 -
behind Mr. Landa's house or petitioners' house. Petitioners used
the Camelot for personal pleasure and to entertain FIP's clients.
The Camelot was rarely used by anyone other than petitioners or
FIP. On occasion, petitioners took the Camelot on weekend
excursions and to vacation in the Bahamas. On visits to the
Bahamas, the boat would stay in Freeport for an extended period
of time with Ms. Walters and Mr. and Mrs. Landa on board, while
Mr. Gherman and clients of FIP would fly in from Miami to stay
during the weekends. When the Camelot was used to entertain
FIP's clients, Ms. Walters helped prepare and serve food.
FIP had a bank account in its name at Commerce Bank, N.A.
(the FIP account). From 1983 through the end of 1986, hundreds
of thousands, and sometimes millions, of dollars flowed through
the FIP account each month. All of the checks drawn on the FIP
account required two signatures. Mr. Gherman generally signed
all of the checks written on the FIP account. Additionally,
during all of 1983 and until December 1984, Ms. Walters cosigned
all of the checks. During December 1984, Craig began also to
cosign checks written on the FIP account. From that point
forward, Ms. Walters and Craig each cosigned approximately 50
percent of the checks. Ms. Walters and Craig signed the checks
in blank, usually 300 at a time, at their personal residences.
The blank checks then were taken to FIP's offices, usually by an
FIP employee, for use when needed, at which time the checks would
Page: Previous 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 NextLast modified: May 25, 2011