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f5352 atv sb 27 7m: . FEDERAL BUREAU OF INVESTIGATION . ten aren S/T D. BEECHER sxTTH, Attorney at Law, Gne Commerce tt Menphis, Tennessee, furnished the folloving ine ormation: Referring to his notes contained iz a file, SHITE Getermined that certain facts had come to light in connection with the proposed business arrangement between FRED PRO, for Air ow Express, and VERNON PRESLEY, acting for ELVIS. A. In connection with this account he has reviewed bis file and located a certain memorandum prepared by hin relative to the gale and lease arrangements for the Lockheed Jetstar. On August 11, 1976, Mr. PRESLEY (VERNON PRESLEY) ealled and told SHITE, ’ according to the memorandum, that - the income statement, "abbreviated, was being prepared for SGM Financial Corporation and should be ready in the late afternoon of the sane date, August 11, 1976. ur. PAETIN, the accountant, has the financial statements and they are ready to be sent to AGM Financial Corporation in connection with the sale and lease arrangements for the Falcoa airplane fhe reason for this is that. the mortgage amount oa both planes, that is the Lockheed Jetstar and the Falcon, “is of a greater value than the actual value of the airplanes. Therefore, corroborative information ef a financial nature is necessary for the leasing group. SMITH also had telephonic conversation vith — FREDERICK PRO, according to the actes in the file. PRO told SMITH that the 121 maintenance eertificate would be - Gelayed. PRO had received the funds for the upgrading on Suly. 18, 1976, but there is a purchase delay for the equipment and there is also a delay in the Federal Aviation Adninistra- tion procedures, Efforts are being made to get the deadline extended to September 1, 1976. Im addition ACHTMANE, , Socetding to SUITE by re- to his notes, had asked PRO to take out a 50,000 UraDce policy as & e inervowed on__3/3/77—___-"'-__emphis, Fennessoo-———' * Memphis 87-16994 — L 1G by Dore dicteted__ 3/7/97 Ths document contelns aetthe: recommendations ner coarivsions of the FBI. ® is the property of the FBI aad is Inened te yeur agency: _ Z # end as contents ore nol to be datribvied oviside your agency. ferr