Alex and Tonja Oria - Page 6




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          names owned and used by Mr. Loeser (together with Bayliwix, Mr.             
          Loeser’s affiliates): Reeves Consulting, Zarzana Consulting, and            
          Marketplace on the Net.                                                     
               The general ledger records numerous transactions between               
          Medico and Mr. Loeser or one of his affiliates during 2000.  The            
          following check and account information appears with respect to             
          one such transaction, involving Bayliwix, Inc.  A copy of the               
          face of Medico check No. 1221, dated July 14, 2000, payable to              
          Bayliwix, in the amount of $15,000, and signed by Mr. Oria, is              
          attached to the pages of the ledger for the quarter ending                  
          September 30, 2000.  Account No. 7011, Cost of Labor, records a             
          payment on July 14, 2000, by Medico check No. 1221, to Bayliwix,            
          in the amount of $90,000 ($75,000 greater than the amount shown             
          on the face of Medico check No. 1221).  Account No. 1032, Mr.               
          Oria’s drawing account, is credited (reduced) on July 14, 2000,             
          in the amount of $75,000, on account of the payment by check No.            
          1221 to Bayliwix.  At least one-half dozen more transactions                
          between Medico and Mr. Loeser or one of his affiliates during               
          2000 share the pattern of an expense being recorded in an amount            
          greater than the amount appearing on the associated Medico check,           
          with the difference being credited to Mr. Oria’s drawing account.           
               Mr. Oria did not make payments to Mr. Loeser or his                    
          affiliates during 2000 corresponding to the amounts credited to             
          Mr. Oria’s drawing account during that year.  Those credits,                
          however, reduced the yearend balance of Mr. Oria’s drawing                  
          account, which reduced the amount Mr. Loeser calculated with                






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Last modified: November 10, 2007