- 15 -
On December 19, 1997, on Ahmed’s behalf, Saghir prepared and
filed articles of incorporation for Apex Medical Lab, Inc. (AML).
Darwish was identified as the sole shareholder of AML. As with
the incorporation of Madina, at Ahmed’s request Darwish signed
various documents relating to the incorporation of AML. Darwish
understood that Ahmed was the actual owner of the lab and of AML.
1998
On January 5, 1998, Falahy began managing, as if he were the
owner, the Lynwood Clinic, even though his pending purchase of
the Lynwood Clinic was not complete.
In early 1998, after several rounds of negotiations and
multiple revisions of the proposed sale agreement, Ahmed and
Falahy agreed in principle to the sale of the Lynwood Clinic to
Falahy for an estimated sales price of between “$100,000 and
$150,000". Falahy, however, did not sign the final sale
agreement because the agreement did not reflect an original
signature of Elkholy, the purported owner. The sale apparently
was agreed to with a “handshake” between Ahmed and Falahy but
with no signed written agreement. The record is unclear as to
the final agreed purchase price.
Falahy began making installment payments on the purchase of
the Lynwood Clinic. At Ahmed’s request, when Falahy’s checks
were delivered to Ahmed, the payee line on Falahy’s installment
checks was left blank, and Ahmed apparently would fill in the
Page: Previous 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 NextLast modified: May 25, 2011