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In addition to writing the name Canti Carriage Company and
the amount on the check in the amount of $50,000 dated December
11, 1990, which was drawn on the escrow fund, Mr. Canty wrote in
the name of the payee on at least several other checks drawn on
the escrow account and presented those checks to Mr. Hefferan for
his signature. Mr. Canty also reviewed and balanced the bank
statements issued by the Bank with respect to the escrow account.
The general ledger of OIP contained entries relating to the
escrow fund, including entries relating to the interest credited
monthly to that fund and belonging to Interstate pursuant to
paragraph 2 of the escrow agreement. The following entries were
made in OIP's general ledger with respect to the escrow fund:
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