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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: EL KABONG!!! who wrote (3615)	8/22/2002 9:23:59 PM
From: heronwater	Respond to of 12465

where the guy admits to taking all of the company's money out of the bank in the morning, and putting it all back in at night. I swear that's what he said. ragingbull.lycos.com Q. Okay. Wait, wait. So, can you explain to me how Wellrich raised about the sum of $800,000 and amazon is sending back to Wellrich about $900,000? A. No. It's all messed up. Q. Okay. Please explain to me why I have it incorrect? A. Okay. Remember we had the problem with the bank. Okay. We had to take the money out of the bank or Wells Fargo. Q. At the end of every day? A. But we would go there and get a cashier's check a lot of times made out to Amazon. We would go, buy a cashier's check made out to Amazon Natural Treasures and we would deposit it back at night. So we'd go back and take all the money. It could be a lot of money in there, 50-, 60-, $70,000 or $30,000. We'd make a cashier's check, take all the money out so they couldn't grab it, and at night go back and redeposit it at 5:00. I was at the bank at 9:00 in the morning taking the money out and back at 5:00 putting the money back in. Q. When you did this were the amounts ever for round numbers? A. Yes. Q. How often? A. Mostly round numbers, I think. Mostly round numbers. Q. Okay. But I understood your testimony is that you were trying to take all the money out of your bank account? A. Well, you have to leave a certain amount in because they wouldn't bother with like 500 bucks or something like that. They wouldn't go file the papers to do a court garnishment on loike $500 or things like that because don't forget Wellrich even tapped the account, that new Wellrich, because they filed a lawsuit because Charlie told them to file a lawsuit. Q. So if, for example, you had $25,500 in your account you would take out $25,000 -- A. Right. Q. --and leave 500 in the account? A. Right. Okay, you can look into that. You can look at the check and then make sure youu have to look at the deposit slips, okay. Now, it may not have gone back into the same account, but take everything as a total: how much checks came out and under the deposits, the deposits there. Then you'll see exactly what's what. ragingbull.lycos.com A: Well, yeah, you have all the copies of the stubs because Kinko's copied all of them. Q. Who did you give those to? A. Kerry and Tim. They've got all the copies of everything and then it tells you where. See, we paid -- every week you can see a lot of cash because we pay cash in payroll, payroll in cash. Q. So you're saying -- BY MS YOUN: Q. Why? A. Why? I'll tell you, it saves us about I don't know how many hundreds of hours a year. Before when we made payroll checks out where are you going. Well, I've got to get to the bank. It's only a quarter to 5:00. BY MS ROMERO: Q. Did you pay your payroll [in] cash so you didn't have to claim taxes? A. No, no, no, no. Each guy files a thing, here's the deductions and everything, and then the payroll taxes are paid. No, no, no, no. Everybody get's [sic] a W-2 and all that. It's [sic] just saves time. BY MS YOUN: Q. Why don't you direct deposit the money into your employees' accounts. A. We asked them to do that. Most of the people don't have bank accounts. Then they went to the casino for a while and they cashed the checks. So they didn't like that, then they complained they lost all their money at the casino.