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to manage; that is, the Freeman Sisters (who appeared as the
opening act for well-known singers including Pat Boone, Engelbert
Humperdinck, and Tom Jones) and Patti Jo (who appeared in the
Broadway musical "Purlie"). Ms. Walters' activities on behalf of
clients of Gherman Associates included writing biographies,
handling press releases, counseling the clients regarding their
craft, selecting clothing for them, working with choreographers
and the artists as to their performances, selecting engagements,
selecting promotional materials, making travel arrangements for
them, and handling clients' personal matters. Ms. Walters
received a commission of 25 percent of the moneys earned by the
acts, but she never made a profit from her activities.
Mr. Gherman used funds from FIP to help finance Gherman
Associates' activities. During March 1974, Gherman Associates'
board of directors voted to write off as uncollectible moneys
advanced to Mr. Smith, Patti Jo, and the Freeman Sisters.
Additionally, during the early 1970's, Ms. Walters produced
a national traveling production of the musical "Purlie", with
Patti Jo playing the female lead. Mr. Gherman used FIP funds to
help finance the production. Ms. Walters additionally arranged
for clients of FIP to invest in "Purlie". Although well received
artistically, "Purlie" ultimately lost money when it flopped in
Los Angeles, California.
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