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5. Transfer of $35,000 From Camaro Via Petitioner’s Mother
to TCM’s Operating Account
On September 22, 1988, Camaro directed HSBC to issue four
checks totaling $35,000 to Lela Ishler from Camaro's HSBC U.S.
dollar-denominated savings account. HSBC issued the checks on
September 22, 1988. On October 10, 1988, Lela Ishler opened a
money market account at Bank of the South, Dothan, Alabama. She
deposited $17,000 in that account in October 1988. She also
deposited $17,700 in her account at SouthTrust Bank of Dothan,
Alabama, and received $300 in cash in October and November 1988.
Marvin M. Ishler had signature authority for Lela Ishler's
money market account. On November 21, 1988, Bank of the South
issued a $26,000 cashier's check to Marvin M. Ishler from funds
in Lela Ishler's money market account. Marvin M. Ishler and
petitioner endorsed the check, and petitioner deposited it in the
TCM operating account on November 22, 1988.5
Marvin M. Ishler also had signature authority for Lela
Ishler’s SouthTrust account. On November 21, 1988, Marvin M.
Ishler wrote a $9,000 check payable to cash on the SouthTrust
account. He used those funds to buy a $9,000 SouthTrust official
check payable to petitioner, which petitioner endorsed and
deposited in the TCM operating account on November 22, 1988.
5 Although TCM’s 1988 year is not before the Court and
neither party focuses on TCM’s receipt of this $35,000, we note
that the parties stipulated that TCM reported all business
receipts deposited to its accounts in 1988.
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