Estate of Burton W. Kanter, Deceased, Joshua S. Kanter, Executor, and Naomi R. Kanter, et al. - Page 117

                                                -197-                                                   
            1978, 1979, 1980, and 1984.  Exh. 153, at  18, 19, 25; Exh. 154,                            
            at 24, 27; Exh. 156, at 22; Exh. 157, at  6.                                                
                  Before 1983, IRA transferred $1,189,900 to HELO purportedly                           
            as loans.  Exh. 26, at 23.                                                                  
                  (v).  Loans to Lisle and His Trusts                                                   
                  During the 1970s and 1980s Kanter-related entities,                                   
            including IRA, IFI, TACI, BWK, and HELO, made loans of more than                            
            $200,000 to Lisle and Lisle’s grantor trusts.  Exh. 1120; Exh.                              
            1121, at 2-4; Exh. 5016, Exh. 5932; Exh. 9006, at 2.                                        
                  (vi).  Loans to the Ballards and Their Trusts                                         
                  During the 1970s and 1980s, Kanter-related entities,                                  
            including IRA, IFI, TACI, HELO, and TMT, made loans of more than                            
            $550,000 to Ballard, his family members, and Ballard’s grantor                              
            trusts.  Exh. 1119; Exh. 1122; Exh. 5911; Exh. 5932; Exh. 9189;                             
            Exh. 9005, at 2, l. 18 (AJE 9); Exh. 174, at 93, 95; Exh. 175, at                           
            3-4.                                                                                        
            IRA transferred receivables of $160,400 and $500 due from                                   
            Ballard, individually, to IFI in exchange for receivables due                               
            from IFI in like amounts.  Exh. 9005, at 4, ll. 24-26 (AJE 21);                             
            Exh. 26, at 28.                                                                             
                  (vii).  Writeoff of Loans and Claimed Losses                                          
                  Before the end of 1983, HELO lent $95,000 to Lisle’s Basking                          
            Ridge Trust and $106,200 to Ballard’s Summit Trust.  Exh. 9006,                             






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