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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,
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Last modified: May 25, 2011