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Petitioner offered various excuses to Mr. K. for her failure to
return his money, either the $10,000 or the balance of the
$5,000, which he did not believe.
Mr. K.’s investments with petitioner were made in the form
of checks made out to Real Services, but when repayments fell
short, petitioner wrote to him, “I can start paying even more
next month * * *. I am really trying--its [sic] just that my
finances are jumbled.” Her letter made no mention of Real
Services.
On or about July 24, 1990, petitioner received $5,000 from
Jennifer R., one of the women who provided escort services to
customers pursuant to petitioner’s arrangements. Petitioner
executed a letter memorandum to record the $5,000 payment, which
stated that the money “shall be used for investment purposes” and
provided for a “guaranteed minimum return” of 25 percent
“interest” in 1 year, on July 24, 1991. On or about November 7,
1990, petitioner received an additional $10,000 from Jennifer R.
under similar circumstances. Petitioner executed another letter
memorandum, which recorded her receipt of $10,000 that was to be
used “for investment purposes” and provided for a “guaranteed
return” of 25-percent “interest”, payable within 45 days, or by
December 21, 1990. Jennifer R. died before the trial in this
case.
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