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Elvis Presley — Part 6
Page 67
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UNITED STATES DEPARTMENT OF JUSTICE
FEDERAL BUREAU OF INVESTIGATION
o
Corte: 1 aUSA, Memphis
Attention: AISA Glen Garland Reid
Report oi: s, 7 c Ome: Meaphis, Tennessee
Dee: Marc ’ b °
Field Office File 8: 87-16994 Garces File #;
Tue: FREDERICK N. P. PRO;
ELVIS Ae PRESLEY - VICTIM
Gewese; INTERSTATE TRANSPORTATION OF STOLEN PROPERTY @- FRAUD BY WIRE
Symone: “VERNON E. PRESLEY, father of ELVIS A. PRESLEY, entertainer,
has power of attorney to act for his son in business trans-
actions. Acting in this capacity. be entered into a con-
tract with FREDERICK N. P. PRO, President, Air Cargo Express,
Inc., (ACE), Miami, Florida, and others, wherein ELVIS A.
PRESLEY's plane, a Lockheed Jetstar, would be sold to WP
Leasing, New York City. The plane would be uperaded under
FAR 121] Maintenance Program to gatisfy Federal Aviation
Administration (FAA) requirements. Up rading of the plane
to be supervised by World Aircraft Exc e (WAC), Boston,
~Mass. Plane to then be léased back to end sub-
leased to ACE. In connection with transactions WAC
authorized and WWP approved for payment, funds spent on
the upgrading of the plane in the amount of $341,500. PRO
at the time issued three checks against the account of
t aCe
the First National Bank of Coral Gables, Florida, total
’ ing |
on
$75,510. All PRO's checks were returned by the °
sequently a second similar contract with regard to a second
airplane was initiated at which time PRO presented three more
checks totaling $95,000, none of which were honored the
bank. ANGELO G. MANNARINO, of AGM Financial Corporation,
Miami, Fiorida, replaced WWP in the second contract, whi
was mllified through violation of contractual terms,
Mational Bank of Commerce, Memphis, handling PRESLEY 's
accounts, received telex message from Seven Oak Finance
Limited, land, at the r st of PRO, reflec ACE has
an account in excess of $500,000. Attorneys for LEY
contacted USA, WDT, and investigation to asce if FR@
exists was instituted.
e Pe
ere ant to be diserilvenst euwide your ageery.
° @& 8.8.90: 2079-0-872-041
- OS ve ere tee a ee
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