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the advancement of the business endeavors of Denali Co.
Trust. Additional, both as an individual and a
manager, Steve M. Norton will work to secure credit for
the business affairs of Denali Co. Trust. To
accommodate this, from time to time assets may be
transferred, as an assignment only and not as ownership
to Steve M. Norton for the purpose of obtaining a
credit line for construction, materials, purchases, and
other needs as approved by the board.
The money received for services by SNE was deposited into
the Denali Company Trust. The funds were then transferred from
the Denali Company Trust to SNE’s business account so that Mr.
Norton could sign checks in order to pay bills and to purchase
personal items. The bookkeeping was maintained by Mrs. Norton.
Mr. Crockett recommended having Crystal Diversified, a
foreign trust, as a beneficiary of the Denali Company Trust. Mr.
and Mrs. Norton and Mr. Owens do not know and have never talked
to Michael Andr�, trustee of Crystal Diversified. If not
received directly, Crystal Diversified would receive the funds
from the Denali Company Trust through the use of intermediaries
unknown to Mr. and Mrs. Norton. Crystal Diversified would make
foreign investments and distribute the investment to the Finger
Lake Holding Trust at the expiration of the trust. Mr. Crockett
and Crystal Diversified would take a percentage of the money
invested for services performed.
Under the conditions of the trust, Mr. and Mrs. Norton are
not entitled to know where their money is invested and receive no
regular statements of account. Throughout the term, gifts may be
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Last modified: May 25, 2011