Letantia Bussell - Page 5

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          (Ghassemi), an employee and bookkeeper of the dermatology                   
          practice since 1983, as BBL’s apparent owner, president, and                
          chief executive officer (CEO).  Ghassemi signed BBL’s                       
          incorporation documents at the request of petitioner and Bussell            
          (collectively, the Bussells) but had no duties or                           
          responsibilities as BBL’s owner, president, or CEO.  Ghassemi’s             
          sole function was to sign blank checks drawn on a BBL account               
          when they were presented to her by either of the Bussells.                  
          (Bussell was BBL’s president and secretary.)  In August 1995, BBL           
          was replaced as the operator of the dermatology practice by a               
          fourth corporation, Beverly Hills Management, Inc., but BBL was             
          neither terminated nor liquidated at that time.  On November 15,            
          1995, BBL’s board of directors met and adopted a resolution                 
          authorizing Bussell to open for BBL a bank account with Paine               
          Webber (the Paine Webber account, described infra).  On                     
          January 16, 1996, Bussell opened up the Paine account in the name           
          of BBL.                                                                     
               Petitioner formed the second of the three corporations,                
          Beverly Hills Dermatology Medical Corp. (BHDMC), in California in           
          February 1993.  Beaudry advised petitioner that BHDMC should be             
          owned by a third-party doctor, and petitioner asked her friend              
          Marilyn Lange, M.D. (Lange), to assist her with respect to BHDMC.           
          At petitioner’s request, Lange served as BHDMC’s apparent, but              







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