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Elvis Presley — Part 7
Page 77
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° 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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