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Elvis Presley — Part 7

100 pages · May 09, 2026 · Document date: Mar 22, 1977 · Broad topic: Public Figures · Topic: Elvis Presley · 100 pages OCR'd
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~ nt eg rete wee ee —— oe ma e ar ae a. 84 a ° IP 87-227208 against the account of ACE, Inc. All checks were retursed by - the bank as none were valid. ares It was at this time that PRO took the keys to the Jetatar and_his copies of the Gocuments of the lease, took PRQ's checks and CAGGIANO took bis copies of the documents and the meeting was adjourned. Subsequently, PRO told PRESLEY's attorney that the money to cover these checks was coming from Jamaica or someplace else and that there bad been an error in the transfer of the funds. The checks were to be redeposited, but, wpon wo doing, the checks were again returned by the bank without paynest. vhe ot rN The Chemical Bank of New York refused to accept the lease agreement, prepared their own agreement asd Tinally this most recent contractual agreement was signed. On July 16, 1976, “WERNON PRESLEY, FRED PRO, WIGEL WINFIELD and ROBERT CAGGIANO met at the National Bank of Commerce (HBC), Memphis, Tennessee, whereupon a check in the amount of $330, 048.33 was accepted by NEC, drawn against the Chemical Bank of New "York —_— and was deposited to the account of ELVIS PRESLEY. This was : the remainder of funds based on the contractual leasing agreement which allowed the paying off of the $600,000 mortgage on the plane over and above the above-stated figure. ‘ =a’ At the same time, invoices on the stationery of World Aircraft Exchange were presented with recommended approval for payment by WWP Leasing Corporation. They were as follows: _@ : VP : $17,500 to FREDERICK P. PRO, Air Cargo Express, t for certification for PAA 12] per agreement and for operational setup and flight management; ca $32,000 payable to Air Cargo Express, fInac., and - .--. oa Dallas Airmotive for the purchase of Part isi ° Avionics Equipment, flight date recorder, cockpit - - woice recorder, ground proximity warning iadicator and Part 121 checks; = - $129,500 payable to Trans World Industries, Inc., $ for Part 121 maintenance systems, certification t and modification, and Cardex system; :
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