Timothy Dean Strong - Page 14

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               On July 19, 1994, Mr. Strong obtained two cashier’s checks             
          issued by Norwest Bank each in the amount of $8,500.  The first             
          made payable to Mr. Strong shows the payor was his brother, Sean            
          Strong and was deposited to account No. 893315300 on August 16,             
          1994.  The second was made payable to Mr. Strong, and Jack                  
          Thompson, the payor, is unidentified.  It was deposited into                
          account No. 893315300 on August 10, 1994.                                   
               Before 1990, Mr. Strong was aware of the title 31                      
          requirements that currency transactions in excess of $10,000 be             
          reported to the Government.                                                 
          SCC’s Activity                                                              
               During the years at issue, SCC entered into vacant land                
          purchase agreements and acquired real property in its name.  Mr.            
          Strong signed the purchase agreements as president of SCC.  As              
          part of the sales process, SCC entered into new construction                
          purchase agreements with buyers.  SCC also applied for building             
          permits, which Mr. Strong signed as president of SCC.  In                   
          addition, SCC entered into a builder’s security agreement and               
          applied for a home buyer’s warranty on some of the 22 house                 
          sales.  SCC was identified as the seller of the property on the             
          settlement statements or closing statements prepared for the real           
          estate property closings for the 22 house sales.  Mr. Strong                
          executed those statements as president of SCC.  For the purpose             
          of passing title to real property, Mr. Strong executed, as                  






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Last modified: May 25, 2011