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the other partners. Exhs. 5804, 5806, 5808. THC’s share of the
payments made by TSG Holdings totaled $241,951, and THC actually
received $197,757 of that amount (with $44,194 having been
remitted to Frey in repayment of a portion of the amount that
Frey had contributed to the partnership on THC’s behalf.) Exhs.
5809, 5811.
During the period October 1984 to July 1987, BJF
Partnership issued separate checks to THC representing (1) shares
of development fees for Village of Kings Creek, and (2)
partnership distributions attributable to its limited partnership
interests. Exhs. 226, 457. During the same period, BJF
Partnership issued checks to Zeus representing (1) shares of
development fees and incentive payments attributable to
Prudential condominium conversion projects at Galaxy Towers,
Calais, Chatham, and Valleybrook. Exhs. 227, 457.
d. Summary of Frey Payments to Zeus
During 1980 through 1985, Frey (through BJF, Inc., and BJF
Partnership) paid to IRA’s subsidiary, Zeus, the amounts set
forth in the following table.53
53 For a more detailed breakdown of the payments from Frey
to Zeus, see app. 1 to this report.
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