- 6 - Siding. On the side, Mr. Owens assists in the sale of metal roofing and siding for residential construction projects through Northern Enterprises, and works miscellaneous construction- related jobs (i.e., building houses, putting on roofs, framing houses, working on concrete projects). Mr. Owens would sell materials for Northern Enterprises to SNE on some construction projects and receive a 5-percent commission on these sales. Northern Enterprises is a trust in which Mr. Owens owns one share. The beneficiary of the Northern Enterprises trust is the Fall Creek Company Trust, in which Mr. Owens’ children are the beneficiaries.4 Additionally, when not acting as trustee, Mr. Owens would perform subcontract work for SNE. Finger Lake Holding Trust The Finger Lake Holding Trust owns the house in which Mr. Norton and his family currently reside. The trustees are Mr. Owens and Mr. Crockett. The protector of the trust is David Norton. The beneficiaries of this trust are Mr. and Mrs. Norton and their children. South Denali Lands Trust The South Denali Lands Trust was formed in 1993. This trust owns one duplex that was formerly the residence of Mr. Norton and 4 Mr. and Mrs. Norton sent $70,000 to the Fall Creek Company Trust in order to purchase railroad bonds from World Contractual Services (WCS) in Salt Lake City. Mr. Owens was in charge of the Norton purchase; Mr. Norton does not know what Fall Creek does, except that Mr. Owens is involved in its business.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