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reregistered to GFLP and 90,600 shares of Dreyfus Treasury Prime
(purchased on November 10, 1997) as GFLP assets under management.
The process of transferring title to Marital Fund assets to
GFLP continued through at least 2000.30
GFLP Accounting Records
In October 1997, more than 9 months after GFLP was formed
and 4 months after decedent died, Ms. Bowers created partnership
accounting records that purported to show (1) transfers of assets
from decedent to GFLP; (2) sales of decedent’s assets to GFLP,
Ms. Powell, Mr. Gore, and the Pamela Powell and Michael Gore
Trusts; (3) deposits made to GFLP account No. 7045, trust account
No. 0825, and joint account No. 6672; and (4) amounts paid for
decedent’s expenses out of GFLP’s assets offset by amounts
allegedly owed to decedent by GFLP. However, Ms. Bowers did not
date any of the individual transactions she recorded as journal
entries. Instead, she set up the records to correspond to
transactions that should have occurred upon the formation of GFLP
and the execution of the assignment.
30More recent account statements show that, as of June 30,
1999, the Colonial Fund was still titled to “Sidney Gore”, and as
of June 2000, the Paine Webber investment account had been
retitled to “Pamela Powell, Successor Trustee of the Sidney Gore
Family Fund Trust”. As recently as May 2000, TCO had written a
letter to Ms. Powell requesting that she sign documents to
transfer the Merrill Lynch account to GFLP, and on Aug. 27, 2000,
Ms. Powell finally transferred the Henry Hill lease to GFLP.
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Last modified: November 10, 2007