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Bigelow the "equity" in a mortgage funding program and that
Mr. Provan knew other airline pilots who were "shocked and angry
that Kersting would attempt to collect these notes after he had
assured them the notes would not be collectable." Both draft
affidavits alleged that Mr. Kersting had sued Mr. Alexander for
over $500,000 on the basis of promissory notes with respect to
which Mr. Alexander "never received any money whatsoever or
anything of value in exchange for the promissory notes." Mr.
Alexander's draft affidavit alleged that: (1) Mr. Alexander was
in litigation with Mr. Kersting "over funds Kersting supposedly
was to invest in auto leasing and factoring at Universal Leasing
and Federal Finance & Mortgage", and that "Kersting refused to
pay the yield or return the funds"; (2) "no client of Kersting's
has ever repaid a promissory note * * * with funds other than
provided by Kersting through his closed circulation of funds from
one Kersting controlled entity to another"; and (3) Mr. Alexander
believed that Mr. Kersting's only legitimate business was the
purchase of First Savings, in which Mr. Alexander was a
shareholder.
Mr. Alexander's affidavit reveals that Mr. Alexander
expected a "quid pro quo" for his testimony, as follows:
"9. Affiant is ready and willing to testify to the above facts
or any others within his knowledge concerning Kersting provided
an agreement quid pro quo can be worked out through affiant's
representatives, Charles R. Kozak and Gilbert Matsumoto."
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