K & M La Botica Pharmacy, Incorporated, et al. - Page 20

                                       - 20 -                                         
          Other Property Transactions                                                 
               During 1996, 1997, and 1998, Ahmed purchased various parcels           
          of real property (including subsidized HUD properties).  To                 
          conceal his ownership of these properties, Ahmed caused title to            
          the properties to be held either in the name of various nominee             
          corporations or in the name of his relatives.                               
               On May 6, 1997, Ahmed caused Saghir to incorporate Macca               
          Corporation (Macca).  On documents filed with the State of                  
          California, one of Ahmed’s relatives was listed as the president            
          and sole shareholder of Macca.  Ahmed signed all of the Macca               
          incorporation documents using the relative’s name.                          
               Ahmed’s relative did not understand or know of the business            
          purpose or of the operations of Macca, of Macca’s business                  
          address, or of the location of Macca’s books and records.  The              
          relative did not sign documents on behalf of Macca, nor did he              
          control Macca in any way.  Ahmed had complete control over Macca,           
          its assets, and its operations.                                             
               Sometime in 1997, Ahmed caused K & M to quitclaim to Macca             
          title to a building in which one of Ahmed’s pharmacies and one of           
          Ahmed’s clinics were located.                                               
               Ahmed purchased various other parcels of commercial and                
          residential property and put title to the properties in the name            
          of Macca.  Ahmed used funds from the various pharmacies, clinics,           
          and lab that he controlled to purchase the above properties.                






Page:  Previous  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25  26  27  28  29  Next

Last modified: May 25, 2011