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The principals and apparent owners of Bigelow Charter and
the individual promoters of the trust schemes sold by Bigelow
Charter were Loren and Bonnie Troescher.
Upon formation of Zero Gee, Bigelow Charter became the
corporate trustee of Zero Gee, with Loren and Bonnie Troescher
acting on behalf of Bigelow Charter.
In connection with the above transfer to Zero Gee of LPS,
petitioner did not consult with an accountant or an attorney.
Petitioner paid Bigelow Charter approximately $30,000 for
the documents and other assistance Bigelow Charter provided in
organizing the Zero Gee trust.
On May 26, 1993, petitioner purportedly transferred his 100-
percent beneficial or ownership interest in the Zero Gee trust to
a British West Indies corporation named International Palm. The
documentation and evidence in the record does not establish any
consideration or legitimate reason for this transfer to
International Palm.
On October 10, 1994, International Palm purportedly
transferred its alleged 100-percent beneficial or ownership
interest in the Zero Gee trust to Universal Sun, also a British
West Indies corporation.
Evidence in the record in these cases regarding the
ownership and operations of International Palm and of Universal
Sun is conspicuously lacking.
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Last modified: May 25, 2011