-116-
care about any arrangement between Schaffel and Kanter and did
not want to become involved in their apparent dispute, Lisle
expressed concern about a possible lawsuit being brought, and
such a lawsuit might cause some difficulty for Lisle at
Travelers.
Schaffel and Kanter eventually settled the dispute by
agreeing that (1) Schaffel was obliged to share fees with Kanter
only if he did business with Travelers, and (2) those fees would
be remitted to a new Kanter-related entity, THC. From 1984
through 1986, pursuant to the agreement, Schaffel paid a share of
his fees on business deals with Travelers to THC. Schaffel,
Transcr. at 396-399; Exh. 203; Exh. 206, at 1. The record does
not reflect the identity of the THC officer who held a real
estate broker’s license.
e. Schaffel’s Payments to IRA and THC
From 1979 to 1983, Schaffel paid $1,184,876 to Kanter (by
checks made payable to IRA) representing 50 percent of the
fees Schaffel received for (1) arranging Prudential construction
contacts for Torcon, and (2) obtaining Prudential financing for
Walters’s projects, as set forth in the following table.
56(...continued)
described above. Exh. 2030, at 21, 23.
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