Free Sentencing Memorandum - District Court of Arizona - Arizona

EXHIBIT B
Case 2:04-cr—00539-I\/IHIVI Document 251-3 Filed 10/25/2007 Page 1 013

From the above ABF accounts, the $36,175,491 was traced and disbursed as follows:
5 Dispositions Amount
g Legitimate Client Fundings $17,298,414.33 I
3 Investor Distributions l $1,635,961.31 ,
Eric Noble-Ioan repayments & commission $1,878,373.66 1
; Broker/Agent commission I $913,631.31 y i
Q Funds used to facilitate HVAC's scheme (PBCC & Commerce) I $3OQ_843_23 I {
r HVAC's old debts and settlements (ICP and Performance) $590,292.47 ,
HVAC (to fund HVAC operations) $628,695.00 —
ABF Operating Expenses $999,093.42
Loans to other individuals I $83,462.60 —
Other business ventures and investments $495,162.28 —
*Business Equipment Leasing and Finance (BELFC) $5,559,293. 78 —
*SaIesmasters $590,175.60 —
·co orare Main ornoo (cMo) . $754,719.75 —
*Margaret Molter Craig Broerrarr Holding, 1.i.c (MMc6) $130,900.00 —
we Holdings, 1.Lc $447,657.11 —
*Rainb0w Preferred Insurance $88,750.00 —
Gene Nlonteleone $148,467.01 _
Angelo Tullo $84,968.12 _
Total orepoemorre — $62, 637.860. 98
12/31/99 Account Ending Balances:
ABF-wsB aoot# M $1,513,113.00 _
ABF - wsa acct #1 $1,346,009.00 _
ABF Overland Sweep - WF aoot rt $244,637.00 _
ABF Concentration — WF acct #~ it $283,025.00
Alteza Ltd — Cayman Islands $247,071.00 3
Total bank accounts remaining ba/ance as of 12/31/99 — $3,633, 855.00
TotaIAvaiIabIe Funds Traced — $36,271, 715.98
Unaccounted Funds ($66,271,715.96 ieee $36,175,491.50) — ($96,224.48) ,
*These accounts were further analyzed to identify additional business and personal expenses (see below 2"" tier
of tracing)
Flow of Funds - 2"°' tier of tracing (other entities):
Case 2:04-cr—00539-I\/IHIVI Document 251 -3 Filed 10/25/2007 Page 2 of 3

fm Funds transferred to l Amount
g BELFC l $5,559,293.78
I Salesmasters $590,175.60 . .
. Corporate Main Oflice (CMO) ‘ $754,719.75 ,
i Margaret Molter Craig Brosnan Holding, LLC (MMCB) I $130,900.00
1 MB Holdings, LLC $447,657.11
l Rainbow Preferred Insurance $88,750.00
A l Total $7,571,496.24
/
Further analysis of above accounts (2"° tier entities) plus those itent(s identiii
the 1* tier tracing (ABF accounts) revealed the following final disbursem7hts:
l
Dispositions 1" Tier (ABF accts) 2”" Tier (other entitle )
Legitimate Client Fundings $17,298,414.33 $821,035.97 $18
Investor Distributions $*],635,96131 — $1
Eric Noble—loan repayments & commission $1 ,373,373_55 — $1
Broker/Agent commission $913,631,31 $31,49995 5
Funds used to facilitate HVAC's scheme $309,34323 — 5
HVAC's old debts and settlements $590,292_47 $254,422_00 5
HVAC ABF Operating Expenses $999,093.42 $4,370,804.49 $5.
Loans to ainai individuals $83,462.60 _
Other business ventures and investments $495,16228 $749,95357* $1,
"Gene Monteleone . $143,457_01 — 5
"Angelo Tullo $84,96312 —
ABF acct 2/31/99 balance) $1,513,113_OO $1,
ABF mi T $1·346·009-00 —}ii' si,
ABF Overland Sweep: ,2 5 $244,53700 $
ABF Concentration #4 $23302500 m $
Alteza Ltd — Cayman lslands $247,071 _00 — $
BELFC, CMO, Salesmasters, MMCB, MB $105,494_75 $
Holdings and RPI total 12/31/99 balance i
1 Tatal Traced Funds l $28,700,219.74 i $7,571,496.24 § $36,
*;This is a residual Hgure from 2"" tier tracing of $7,571,496.24
**1 Disbursements from ABF accounts only.
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Case 2:04-cr-00539-MHM

Document 251-3

Filed 10/25/2007

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Case 2:04-cr-00539-MHM

Document 251-3

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Case 2:04-cr-00539-MHM

Document 251-3

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