-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,Page: Previous 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 Next
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