- 32 -
The GFLP accounting records prepared by Ms. Bowers purport
to show that decedent transferred the following Marital Fund
assets to GFLP: Amoco, Chevron, Exxon, Mobil, Texaco, Tenneco,
Phillips, and Newport News stocks; Henry Hill lease; Merrill
Lynch account; Paine Webber account; Colonial Fund; Smith Barney
account; US Trust account; one of the two Treasury notes; Sidney
Gore account No. 6478; State Bank CDs No. 1 and No. 2; and Bank
of Okla. CD. In addition, Ms. Bowers listed Sidney Gore estate
account No. 3408, joint account No. 6672, and trust account No.
0825 as GFLP assets.
The accounting records also purport to show that after
decedent executed the assignment, decedent allegedly sold the
Commercial Federal CD, the savings bonds, a Valley National CD,
and one of the Treasury notes to GFLP in exchange for a note
payable to her from GFLP. Ms. Bowers then made adjusting journal
entries purporting to record the use of GFLP assets to pay
decedent’s personal expenses and a corresponding reduction of the
note payable owed to decedent. However, GFLP did not execute any
promissory notes payable to decedent from December 1996 through
December 1997.
The accounting records also purport to document the
existence of various notes payable to GFLP from the Sylvia Gore,
Pamela Powell, and Michael Gore Trusts. However, neither
Page: Previous 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 Next
Last modified: November 10, 2007