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4. On October 21, 1987, Vernon wrote a $35,000 check from
the First National account to an investment brokerage firm. This
amount was a personal investment by Vernon.
5. In November 1987, Vernon’s sister received a TECO check
for $3,700. This check was deducted as a “miscellaneous” expense
on TECO’s books.
6. On February 29, 1988, a $500 TECO check was given to
Vernon’s sister. This check was deducted as a “miscellaneous”
business expense on TECO’s books.
7. On March 25, 1988, Vernon received a $1,500 check from
TECO. This check was deducted as a “miscellaneous” business
expense on TECO’s books.
8. On April 1, 1988, Vernon received a $10,000 check from
TECO. This check was deducted as a “miscellaneous expense” on
TECO’s books. Vernon deposited the $10,000 check into a personal
bank account at Southside State Bank of Tyler, Texas (Southside
Bank), jointly held by him and Janet.
9. On April 15, 1988, Vernon received an $8,500 check from
TECO. This check was deducted as a “miscellaneous expense” on
TECO’s books. Vernon deposited the $8,500 check into the
Southside Bank account.
10. On May 10, 1988, Vernon used a TECO check to pay for
work done on the lawn sprinkler system at his personal residence.
This check was deducted as a “repairs” expense on TECO’s books.
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Last modified: May 25, 2011