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Vode ae : CHARACTER OF CASE tA f* aw Norra ‘AMERICAN SHIPPING AND TR TRADING _ FRAUD AGAINST na COMPANY, INC., “ET AL GOVERN ANT Se at: We ‘. ey fo FEDED _ BUREAU OF INVESTIGATION. OS pe 2 - WASHINGTON FIELD en ete ie EM/ EYP a Tl erg Te a F See a7 3 ‘ee 2 f wor oy, ae roll SYNOPSISOF FACTS: ss s—s—‘“—s—s—sSsi peat ood CRIs cee RE: U. 8. FETROLIOM CARRIERS, INC. Te es e ’ ACCOUNTING REPORT | weed, “ay hye Victory records reflect SSY account carried as current — . J - account receivable; also. that balance in SSY account. cv °°. receivable sufficient to warrant Victory withdrawals. - re” .~42 SSY records also reflect Victory, as separate corporate w% wT bn ' , * + “e “- £ as ed ‘45 4). “7 \. entity, had sufficient balence to warrant such with~ - aes sls: VW drawals. SSY partner states VICTORY had legal right to Epes see withdraw funds on deposit at SSY regardless of balance we ua of g as package, Victory $750,000.00 deposit of . ter'3 12/39/50 debited to cash and credited to SSY account whane eS ’ Prerwh 4 + Rap a he poe me 4 an Mpbbe- ' i <: : er , | . i] ana apd receivable; included in Victory cash balence of 12/31/50. % E>) RIONA not indebted to Victory. Victory mont S“finaneial affidavit for period 1/1-31/51 appears valid. ; " Vietory cash positions furnished to USMC checked and, . re oa aa with exception of cash position of 7/13/49, in agres- HMAtiracere: os nentawith Victory records, _ Analysts of Victory. Capital | — Surplus Account reflects source of funds USFC;" sca ida that $3,306,500.00 of USPC investment of $3,607, 215.50 in Victory Capital Surplus Account obtained from USPC ay bank loans secured by ARIONA collateral. Large transfer os of funds between Victory, SSY, USPC and affiliated ~ ol % companies set forth. Victory paid cash on installment ~ | basis for purchase of Pacific Tankers atock An amount Ve Ape of $1,877,' 995.58. | i" Lite i ope 1 ty . 7M as a ‘ t i Rey { - we - | y Seep G)-Bureau { 1783 ol CR > oe aoe ; 7 ingtod- Fieka Ay ~ ax ae . i .* e ; PROPERTY OF FRI--THIS COMFIDERTIA * AGEACY TO WHICH LOANED, - . coe” Pao . on « © 6. eovemenres pases eevee ot aemegl oN oak Ny oa ee “ 7 - Sen eh —— iv: em bd oO fo te on ee BIT gee Ee ea EN ASL oe eee we are iw a , ee: re, _ ee oon . . . : * ace a me WE mile . . . aa eto eee MSG Lore. x game ine Fale eam le eeenreee “ig! a woh o 7 -~- :