- 5 - (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, butPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011