Steven K. Han - Page 41





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               Subsequently, on July 18, 1988, with Hasman’s approval,                
          Belofsky deposited a check for $80,000, drawn on the Sam Han                
          account, to ANB No. 3, but Northwest was not made aware of the              
          existence of the Sam Han account at this time.20  Northwest’s               
          auditors uncovered the Sam Han account sometime shortly before              
          September 2, 1988, when Hasman wrote Belofsky demanding an                  
          explanation.21  The Sam Han account was the subject of an                   
          amendment to the TRO sought by Northwest and granted on October             
          14, 1988, which specifically identified and “froze” it.  As of              


               20 In an Aug. 4, 1998, letter to Belofsky, Hasman reiterated           
          complaints about petitioner’s recalcitrance in disclosing                   
          information:                                                                
               Enclosed marked Attachments I through IV is the current                
               list of information and documents requested from Mr.                   
               Han quite some time ago, but still not turned over.                    
                    Even a cursory review of Attachments I through IV                 
               belies your recent statements that we are close to                     
               having all of the significant information that we need                 
               to complete our audit.  When I see unaccounted for wire                
               transfers and withdrawals in the quarter or half                       
               million dollar ranges, I cannot help but become very                   
               skeptical about the reasons Mr. Han has not been                       
               forthcoming with this information.                                     
                    * * * We are learning of new accounts, other                      
               previously undisclosed assets and other information                    
               suggesting that there may be “more out there” than Mr.                 
               Han has misled us to believe.                                          
               21 Hasman’s Sept. 2, 1988, letter states:  “We * * * demand            
          prompt written explanation of who Seung Soo Han is.  Our ticket             
          money has been traced into Prudential-Bach account ATY-110949               
          [i.e., the Sam Han account], standing in that person’s name”.               





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