◆ SpookStack

e % won ° na . oe SOA OR tae 8 we ‘ re * a eerie ¥ sfetele as aN 1 ee CG Ke od . e , . . o ° ee ctenarenstinttaomerentescttemencaatiotoe dt Feat, ae . we, EGA - co 2, ME 87-16994 - as sa TAY at 4 x CAGGIANO broeght with him a cashier's check in the approxi- mate amount of $358,000 from the Chenical Bank of New York. PRESLEY also told him that ACHTMANN of U.W.P. had called hin ' previously and requested that instead ef ¥.0.P. disbaersing the funds, as provided ander the rider of the revised lease, PRESLEY should disburse the funds for the upgrading of the plane. ACETMANN enid he did aot know whether the vork was done or sot and did pot want the responsibility. SNITH commented that ACHTMANN wes im the aircraft leasing besiness and should have mo probles aenderstanding whether the work had been completed or sot and be could act understand ACHTMANKN's position acting for ¥.U.P. im this latest development. PRESLEY further informed them that CAGGIANMO, BASZNER and PRO had been to Nemphis and contacted PRESLEY directly. They went to the Whitehaven Branch of the National Baak ef Commerce and in the presence of CLARENCE CARTER, the bank efficial, PRESLEY accepted their invoices and drafted ene personal check to FREDEZICK PRO in the amount of $17,500, with the notation on the check “Ref 106 E.P.° SMITH had in his possession a copy ef this check bearing the endorsement : PRESLEY also had prepared four eashier's checks payable to those corporations designated on the isvoices grepared om World Aircraft Exchange stationery. These checks "would have been $32,000 to Air Cargo Express, Inc., and Dallas Airmotive, $129,500 to Trans Vorid Industries, and $45,000 to World Aircraft Exchange, fac. . The fevoice in the ancert ef $117,500 payable to - . FREDERICK P. PRO, President, Air Cargo Express, > as mot satisfied im its entirety. PRESLEY deducted $78,510 representing the checks which PRO had originally given and sabsequently were returned by the bank. This resulted in @ pet of $38,990 giver to PRO at this tine. ~""8¢ 46 SMITH's opinion thet ACHTMANK and W.¥.P. were either operating im conjuaction with CAGGIANO, BASZNE, PRO and their related corporations, or at least they dealt @irectiy with PRESLEY and in the absence ef PRESLEY's attorneys effecting a change in the contract for the Gisbursement of funds. SHITE believes that be was told 215