- 3 - Family Background Decedent was born on June 2, 1933. Her formal education ended upon dropping out of high school during eleventh grade. She thereafter married and divorced several times. Among her children were half-siblings Ms. Carnette and Ernest Greene (Mr. Greene), born in or about 1961 and 1964, respectively. eConnect Stock and Proceeds At some time prior to September of 1999, decedent and her then companion, Peter Pajarinin (Mr. Pajarinin), became involved in owning and operating an Internet casino in Costa Rica. On September 8, 1999, decedent and Mr. Pajarinin sold their interests in the venture and as part of the transaction each received 525,000 shares of stock in eConnect, the acquiring entity. The stock at that time was considered a “penny stock”, trading over the counter with the ticker symbol ECNC at under 30 cents per share. On or about January 7, 2000, a joint account was opened in the names of “Frances Elaine Freedman & Ernest Greene” with the brokerage firm of Valdes & Moreno, Inc. (Valdes & Moreno). Valdes & Moreno served as the “introducing broker” for the account, which account in turn was carried and cleared under an agreement with the investment banking firm First Southwest Company. The opening of this account was documented by, among other things, a customer agreement, a joint account agreement,Page: 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