-113-
d. Walters’s Transactions With Travelers
Lisle left Prudential in April 1982 and thereafter was
employed at Travelers until April 1988. Exh. 2030, at 1.
Schaffel eventually had substantial business dealings with
Travelers on behalf of individuals he represented. A number of
these business deals involved Travelers’ financing of various
real estate projects at Denver, Colorado, being developed by
Walters. Shortly after Lisle began working at Travelers,
Schaffel met and renewed his acquaintance with Lisle, and they
resumed the business relationship relating to real estate
development financing they had established at Prudential.
Schaffel, Transcr. at 394-395.
On December 12, 1982, Walters and Schaffel entered into two
written agreements which provided that Schaffel would receive
fees of 1 percent of the aggregate financing that Walters
obtained from Travelers with regard to development projects
referred to as Cherry Creek National Bank and Stanford Place II.
Exh. 195 (Cherry Creek National Bank); Exh. 196 (Stanford Place
II). The Walters/Schaffel fee agreement pertaining to Cherry
Creek National Bank was printed on Kanter & Eisenberg law
partnership letterhead. Exh. 195.
In November 1983, Walters and Schaffel entered into four
additional written fee agreements which provided that Schaffel
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