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On December 22, 1993, HL lent $4 million to Dart. Dart
executed a note which provided that principal was due 375 days
following demand. Interest accrued at a 7-percent annual rate
and was due on December 22, 1994, and on the same day of each
year thereafter. The proceeds of the loan were distributed in
the form of a check (#2305) from HL to Dart drawn on HL’s account
with First Bank Minneapolis (Minneapolis).
On September 22, 1994, Dart lent $5 million to Mr. Oren.
Mr. Oren executed a note which provided that principal was due
375 days following demand. Interest accrued at a 7-percent
annual rate and was due on September 22, 1995, and on the same
day of each year thereafter. The proceeds of the loan were
distributed in the form of a wire transfer from First Bank
National Association to Mr. Oren’s Fidelity account.
On September 22, 1994, Mr. Oren lent $5 million to HL. HL
executed a note which provided that principal was due 375 days
following demand. Interest accrued at a 7-percent annual rate
and was due on September 22, 1995, and on the same day of each
year thereafter. The proceeds of the loan were distributed in
the form of a check (#2875) from Mr. Oren to HL drawn on Mr.
Oren’s Fidelity account.
On September 22, 1994, HL lent $5 million to Dart. Dart
executed a note which provided that principal was due 375 days
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Last modified: May 25, 2011