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Mr. Key’s Arrest, the Money in His Possession When Arrested, and
Petitioners’ Conviction
On or about November 28, 1995, under an alias, Mr. Key was
staying at the Hilton Hotel in Anaheim, California. On that
date, the Anaheim Police Department arrested Mr. Key and seized
from him cash totaling $302,515.25 and postal money orders
totaling $15,750.
In November 1995, the Riverside County Sheriff’s Department
seized from Mr. Key 24 cashier’s checks, made out to him,
totaling $105,175. These checks were for the following amounts:
1 for $2,250, 1 for $3,000, 1 for $4,325, 2 for $1,300, 2 for
$4,000, and 17 for $5,000. Many of the checks are numbered
sequentially and were purchased on the same date.
On June 29, 1998, petitioners were convicted of separate
counts of unlawfully preparing and operating an endless chain
scheme in violation of California Penal Code section 327 for
their activities in connection with The Ultimate Comeback.6
Petitioners’ Tax Returns
Petitioners informed a revenue officer that they did not
have any income for 1993 and 1994 for which U.S. Individual
Income Tax returns needed to be filed. During 1993, petitioners
filed bankruptcy and were discharged in 1994.
On February 24, 1997, petitioners filed their 1995 joint
6 The appellate court affirmed petitioners’ convictions and
the Supreme Court of California denied petitioners’ petition for
review. People v. Key, No. S091405, (Cal., Nov. 15, 2000).
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Last modified: May 25, 2011