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February 2, 1988, petitioner transferred $1,294,058 from IL NA
Tours’ Albank No. 1 account into his personal brokerage account
at First Chicago Investment Services, account No. 518-069943
(FCIS account), to fund various purchases of stock for the FCIS
account. The specific transfers and the stock purchases to which
they were applied were:
Date Amount Shares Purchased
Jan. 7 $107,250.00 25,000 Navistar Intl.
Jan. 20 248,277.50 10,000 Marion Labs
Jan. 21 19,368.69 2,850 Fed. Natl. Mtg.
Jan. 22 6,706.38 1,000 Fed. Natl. Mtg.
Jan. 22 42,322.75 6,350 Fed. Natl. Mtg.
Jan. 22 116,600.00 40,000 Pan Am
Feb. 1 448,877.50 10,000 Kodak
Feb. 1 51,362.79 5,000 Lorimar Telepi
Feb. 2 253,292.50 10,000 Intel
Total 1,294,058.11
Between January 28 and February 22, 1988, petitioner sold
all of the stock in the FCIS account that had been purchased with
funds from the Albank No. 1 account, except for the 10,000 shares
of Eastman Kodak Co. (Kodak stock) and the 40,000 shares of Pan
Am Corp. (Pan Am stock), and transferred the resulting proceeds
back to the Albank No. 1 account, in the following amounts:
9(...continued)
exact name at any particular time.
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