Free Response - District Court of Arizona - Arizona

United States v. Angelo S. Tullo
CR O4-0539-PHX-MHM
EXHIBIT LIST
Summary of Funds Traced ...................................... Exhibit A
Transcript of Board Meeting Tapes, March 22, 1999 ..................... Exhibit B
Fax cover sheet and a portion of a facsimile prepared by
defendant Wolfe for defendant Tullo, June 27, 1997 ..................... Exhibit C
Accounting of funds that defendant Tullo improperly diverted
for his use or benefit .............................................. Exhibit D
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EXHIBIT A
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From the above ABF accounts, the $36,175,491 was traced and disbursed as follows:
, Dispositions Amount —
Legitimate Client Fundings $17,298,414.33 —
‘ lnvestor Distributions $1,635,961.31 —
Eric NobIe>Ioan repayments & commission $1 ,878,373.66
I Broker/Agent commission $913,631.31 *
Funds used to facilitate HVAC’s scheme (PBCC & Commerce) $309,843.23 ,
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 $83,462.60 _
Other business ventures and investments $495,162.28 —
‘ I *Business Equipment Leasing and Finance (BELFC) $5, 559,293. 78 _
*salosnras:ors $590,175.60 —
*Corporate Main Office (cMo) . $754,719.75 _
·Margaror Mortar Craig Brosnan Holding, LLC (MMcBi $130,900.00 —
*MB Holdings, Ll.c $447,657.11 —
I *Rainbow Preferred Insurance $88,750.00 —
Gene Montolaons $148,467.01 —
Angelo Tullo $84,968.12 —
Total Dispositions _ $62, 637. 860.98
12/31/99 Account Ending Balances:
ABF..vvs,B aoot# F F ( $1,513,113.00 —
ABF - wso acct #i A I $1,346,009.00 —
ABF Overland Sweep — WF acct #~ $244,637.00 —
ABF Concentration — WF acct #4 7 $283,025.00
Alteza Ltd — Cayman Islands $247,071.00 I
Total bank accounts remaining balance as of 12/31/99 — $3, 633,855.00
Total Available Funds Traced _ $36,271, 715.98
Llnaooounted Funds ($36,271,715.98 less $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):
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I Funds transferred to Amount
I BELFC $5,559,293.78
Salesmasters $590,175.60
Corporate Main Office (CMO) $754,719.75
Margaret Molter Craig Brosnan Holding, LLC (MMCB) $130,900.00
MB Holdings, LLC $447,657.11
Rainbow Preferred Insurance $88,750.00
Total $7,571,496.24
Further analysis of above accounts (2"" tier entities) plus those iter}; identifi
the 1s' tier tracing (ABF accounts) revealed the following final disbursem7nts:
l
Dispgsitigns 1" Tier (ABF accts) 2"° Tier (other entitle )
Legitiniete Client Ftindings $17,298,414.33 $821,035.97 $18
Investor Distributions $1535,951_31 _ $1
Eric NobIe·Ioan repayments & commission $1 ,373,373_55 — $1
Broker/Agent commission $913,631,31 $31,499,95 5
Funds used to facilitate I-ivAc*c scheme $300,54523 _ 5
HVAC’s old debts and settlements $599,292,47 $254,422,99 5
HVAC lte fund HVAC eineretiensi $628,695.00 $1 ,237,285.51 $1.
ABF Operating Expenses $999,093.42 $4,370,804.49 $5.
Loans to other individuals $33,45259 _
Other business ventures and investments $495,152_23 $749,95357* $1,
"Gene Monteleone $143,457,91 _ $
**A¤gaic Tullo $34,05512 —
ABF acct 2/31/99 balance) $1,513,113_00 $1,
ABF eeeti ii"` $1,346,009.00 .. F" $1,
ABF Overland Sweep 1 in $244537,99 , $
ABF Concentration #4 $233,02500 $
Alteza Ltd — Cayman Islands $247,971 _99 — $
Bi2LFc, civio, saiacmactatc, iviivicB, MB _ $105,40475 ' $
Holdings and RPI total 12/31/99 balance
Tetel Treeed Funds $28,700,219.74 I $7,571,496.24 I $36,
*;This is a residual figure from 2"" tier tracing of $7,571,496.24
**ZDisbursements from ABF accounts only.
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