- 30 -
Dr. Durante 931250795PR 50,000 50,000
Ms. Quinn 931250796PR 12,000 12,000
Total1 587,750 585,000
1 We recognize that VRD/RTD deducted for 1993
contributions totaling $585,000. In that the premiums paid
in 1993 totaled $587,750, we are unable to find in the record
an explanation as to who paid the extra $2,750.
The funds used to pay the premiums attributable to the two
policies written on the lives of one or both of the DeAngelises
came from Dr. DeAngelis’s PC, the funds used to pay the premiums
attributable to the two policies written on the lives of one or
both of the Domingos came from Dr. Domingo’s PC, and the funds
used to pay the premiums for the policy written on the life of
Dr. Durante (Dr. Durante policy) came from his PC. The funds
used to pay the premiums attributable to the policy written on
the life of Ms. Quinn (Ms. Quinn policy) were taken on some
apportioned basis from all five PCs that were partners in
VRD/RTD.13 In each of those cases, the funds used to pay the
premiums went from each PC to VRD/RTD, from VRD/RTD to the STEP
plan, and from the STEP plan to MetLife.
C. Additional Correspondence
On September 19, 1995, Mr. Katz provided Mr. Freeman with
revised illustrations for the life insurance policies written
with respect to Drs. DeAngelis and Domingo. Those illustrations
13 As discussed above, the record does not allow the Court
to find the specifics of that apportionment other than as to Dr.
Capizzi’s PC.
Page: Previous 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 Next
Last modified: March 27, 2008