-207-
E. Payments Made by The Five to THC and Its Subsidiaries
During 1981 Through 1989
Schaffel, Frey, and Essex Partnership made payments to THC
and its subsidiaries during 1981 through 1989 totaling $3,909,369
as set forth in the following table:
Table 12
Year Schaffel Frey Essex Total
1981 -- $80,616 -- $80,616
1982 -- -- $70,538 70,538
1983 -- 16,200 64,125 80,325
1984 $600,000 113,827 109,013 822,840
1985 1,160,000 256,557 98,325 1,514,882
1986 1,003,500 -- 65,835 1,069,335
1987 -- 33,570 98,753 132,323
1988 -- -- 96,188 96,188
1989 -- –- 42,322 42,322
Total 2,763,500 500,770 645,099 3,909,369
See Tables 4, 6, 8; Petitioners’ Reply Brief at 645-646.
During 1984 to 1986, Schaffel made payments to THC totaling
$2,763,500 representing Kanter’s share of fees that Schaffel
earned arranging Travelers financing for Walters’s projects.
During 1981 through 1987, Frey made payments to THC totaling
$500,770. These payments included shares of development and
management fees pursuant to Kanter’s and Frey’s oral agreement,
as well as shares of profits from Prudential projects and
development fees from projects not involving Prudential
properties pursuant to the Frey/THC agreement. These payments
served to compensate Kanter for using his influence to obtain
Prudential projects for Frey and for using his influence to bring
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