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wav AS GET. 4 Rest - 7a a. VR CSP MLE Seg Tp ATG UBT eee ee ee weaoSyof a oo i cree wr i ales da ‘ id Bepe Sag ‘ Pes htett 4 ea eee a Ray cht aCe lemwihe . nada net itty Sereno r ¥ Possible for Victory at Ss. an front aatees alee informed him thet SSY required that all members of the USPC _ - although Victory had high credit balances at SSY, USPC had - 21, betance, at SSY could be offset by a USPC debit balance, he . aa . . r ~- cial we ee a a a a Log > . . . * re, + came une 23, 1952, BECKER was interviewed rie at ee nd the writer at the Victory office, 655.24 heaison Avenue, Hew York City. PECKER advised that he te Wek. . . became affiliated with Victory and the USPC group on July’ ceoe 1S49.° He stated that ROBERT L. BERENSON, Victory and USPC a President, instructed him to maintain | as } high | a tdance aa UN 2 to 2 a BECKER advised thet he carried out BERENSON'S © instructions and maintained the Victory balance at SSY at *--:-. high figures. . EECKER claimed that he never asked BERENSON Vase why he desired Vi etory to maintain hich credit balanras at :** we eee SSS SSS SOUS * wig SSY. PECKER advised that to his knowledge there ves no written = " agreements between SSY and Victory or any other member of the ee USPC group. He does not Amow whether BERENSON had an oral. agreement with SSY. ae - . . Se ees sarin * "BECKER stated thet he issued instructions to SSY en when Victory withdrew cash from SSY. BECKER stated that he - =*"" regarded the Victory SSY account as a current account receivable;’. “He advised that he believed Victory had a legal right to ..--"-—--4:--- withdraw funds it had on deposit with SSY. BECKER advised that. ioe in most instances Victory withdrew cash from SSY to improve 2°: its cesh ‘position to meet mafitine requirements. . -.. ad dee a o ore cn eri Vee TR tye te BECKER advised that during April, 1951, BERENSON - group maintain credit balances. Schedule A reflects that *. EAS since April, 1951, the Victory | credit balances bave been Pte ha te eS ee ~ ‘BECKER advised that prior ‘to april, 1951: he knew 2S high. debit balances. He expressed the opinion that SSY could “not legally offset the Vietory credit balance against the USPC .:-:-:. Aebit lance or any other debit balance... eres RAEN gs tee BECKER said that if he thought the Vietory eredit. are wet Sad i Be certainly would not have certif fied Victory balance shests . which fonteined the SSY acct. as a current account ‘receivable, 7 wt ie mt a a = tee AP at ben gy “SE RAV GS es or Victory records ‘peflect thet as of Decender 31, 94 ivan SSY eredit for the $750,000.00 that was ye ry on December 29, 1550, the Victory 8SY sceount ict * pices had a debit balance. of enn ca ate Sree Pe eae ne sega aa sgt ages im, + wh weer a) me eos nn Beh Sr a, w pidiniie see Sa: oo “ Be aes ae ° : eet — SPR, er ee TLaeRRS ee oe ", we ae, on vy vin eae ee ng! #4 cos pre mos ee Fe UR SS Sed oe