- 7 - C. Ameritrust Account During 1991 and 1992, Raymond and Morova had signature authority over an Ameritrust checking account titled Davys DBA Ohio Hobby Dealers Supply (the Ameritrust account). Bank statements for the Ameritrust account were mailed to Davey's Cards. Morova then delivered the statements to Raymond's warehouse. Raymond was the only person who wrote checks drawn on the Ameritrust account. Morova did not sign any checks on the Ameritrust account. Morova did use the Ameritrust account to receive money for credit card sales made by Davey's Cards. Raymond gave Morova supplies in exchange for the amounts deposited into the Ameritrust account from credit card sales at Davey's Cards. Except for those supplies received from Raymond, Morova did not use the account to pay any expenses from his retail store. D. Buyers Group Raymond and a group of dealers formed a buying group to purchase supplies and merchandise in bulk (the buyers group). Raymond would solicit orders from the other members, place the order with a distributor, and pick up the order. He usually collected the money from the members of the group as they picked up their portion of the supplies.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011