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Mr. Haynes as part of an alleged treasure hunting operation--
searching for gold allegedly hidden by the Japanese in the
Philippines during World War II--being conducted by Mr. Haynes in
the Philippines (Manila projects). Petitioner claimed that he
entered into some type of agreement with Mr. Haynes (agreement)
in order to open the Manila Accounts. Petitioner argues that all
the money that was deposited into the Manila Accounts was capital
contributions from various investors for the alleged treasure
hunting operation.
Petitioner did not provide a copy of the agreement to the
Court and claims he does not have a copy of the agreement.
Additionally, petitioner has no records that show Mr. Haynes or
the Manila projects as clients of his law practice. Contrary to
petitioner’s assertions, the signature cards for the Manila
Accounts clearly show that the Manila Accounts were not trust
accounts.
Petitioner testified that he was not held out as an investor
in any of the purported Manila projects, he was not a partner in
the purported Manila Exploration Company-Eldridge project, and he
never had an equity interest in any Manila partnerships.
The only document in evidence about the Manila projects,
entitled Project Update for Manila Exploration Company Eldridge
Recovery, Ltd., lists petitioner as a major investor in the
Manila projects, as one of the Manila projects’ strongest
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