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Out of the $3,600,000 proceeds, WLJ & Co. received $360,000
as brokerage commissions, leaving net proceeds of $3,240,000 for
distribution to Omni’s shareholders.
On April 29, 1986, husband instructed WLJ & Co. to disburse
the net proceeds of $3,240,000 as follows: (1) $2,299,920 to the
account of RM & Sons and (2) $940,080 by wire transfer to the
trust account of Omni’s attorneys (the trust account). The
aforesaid $940,080 was transferred by wire to the trust account.
On May 5, 1986, $940,080 from the trust account was transferred
to an account at Meritor Savings (Meritor) in the name of
Reinhard Mueller, Trustee for Omni shareholders. On August 19,
1986, $485,177.37 was wired from the Meritor account to WLJ &
Co.’s account at Barclays Bank, in London, England.
With respect to the $2,299,920 to be disbursed to the
account of RM & Sons, WLJ & Co.’s customer account records show a
credit to account number 10051 (account No. 10051), in the name
of RM & Sons, on May 3, 1986, in the amount of $2,299,920.
Transactions in Account No. 10051
WLJ & Co.’s records for account No. 10051 show the following
pertinent information with respect to transactions during April
and May 1986:
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Last modified: May 25, 2011