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By the end of the year 1986, the amount of money in CD's at
the Wells Fargo Bank decreased to zero. Of the money that had
been in CD's, $1,205,900 had been transferred to a Goldman Sachs
brokerage account. The money in the Goldman Sachs brokerage
account at the end of the years 1987 through 1989 was as follows:
Year Goldman Sachs
1987 $53,803
1988 75,460
1989 155,300
During the years 1986 through 1989, moneys for TMT were
deposited in an account maintained at the Citizen Bank. The
balance in this account at the end of the years 1986 through 1989
was as follows:
Year Citizen Bank
1986 $25,248
1987 26,600
1988 1,929
1989 2,023
TMT also had a money market account (Kemper Money Market
account). At the end of the year 1989, there was a balance of
$349,182 in the Kemper Money Market account.
ii. "Loans" From TMT
In 1984 receivables owed by Ballard's Seabright Trust and
Seabright Corp. respectively in the amounts of $12,255 and
$31,440 were transferred from Administration Co. to TMT. From
1984 through 1989, the Seabright Trust and Seabright Corp.
received additional "loans" totaling $132,980 from TMT. The
balances on these loans at the end of each year were as follows:
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