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The funds deposited in GFLP account No. 7045 as of March 7,
1997, were expended as follows. On March 7, 1997, a wire
transfer of $134,500 from GFLP account No. 7045 was made to Mr.
Gore to enable him to purchase his home in Temecula,
California.22 On April 14 and 15, 1997, Ms. Powell wrote checks
for $35,000 and $60,000, drawn on GFLP account No. 7045 and made
payable to Sylvia Gore, which were then deposited into an account
titled “Sylvia Gore, Trustee of Sidney Gore Trust”, account No.
xxxxxx0825 (trust account No. 0825).
TCO concluded that, as of April 25, 1997, GFLP was “not
funded”. TCO’s records also show that TCO never received, on
GFLP’s behalf, any of the dividends paid with respect to the
Marital Fund stocks for the first quarter of 1997.
On May 21, 1997, the Amoco, Tenneco, and Newport News stocks
were reregistered from “Sidney Gore” to “Sylvia Gore, Trustee of
the Sidney Gore Trust”, and on June 5, 1997, the Chevron stock
was similarly reregistered.23 The Exxon, Mobil, Phillips, and
21(...continued)
GFLP account No. 7045.
22Mr. Gore executed a deed that transferred the home to GFLP
on Mar. 10, 1997, but made no cash payments of rent to GFLP.
Although Ms. Bowers testified that rent payments were deducted
from Mr. Gore’s partnership distributions, the only documentary
evidence of any rent payments is the reference to rent payments
contained in Ms. Bowers’s accounting records.
23Although the record is not entirely clear, Ms. Powell
apparently signed stock powers on a date not disclosed by the
(continued...)
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