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Elvis Presley — Part 6
Page 73
73 / 96
. . . *
oa - a te ‘s ote |.
. we “ee et rer of oer and
@
. ce” g's
e-
ME 87-16994
2
Oe ye an
LS Se Pea
(a cRNA Te 2 Oe os ly eee + einENEiED: «tang.
~ On June 235, 1976, the lease agreenent was signed
by VERNON PRESLEY, acting for ELVIS PRESLEY, and be paid two
checks to W.V.P., both in the amount of $16,755, representing
the first and 84th monthly rental payments. At the same tine
FRED PRO wrote three checks to ELVIS PRESLEY, two ia the
amount of 617,755 each, representing the first and 84th
monthly payments, and the third representing a preniun for
the sub-lease, as required ender the sub-lease agresment, in
the amount of $40,000. CAGGIANO took his copies of the
Gocuments and left; PRO took the keys to the Jetstar and
bis copies of the documents and left; and PRESLEY took his -
ehecks from PRO along with his (PRESLEY's) copies of the
Gocuments and left.
4
However, shortly thereafter it was determined thet
mone of the checks farnished by PRO to PRESLEY were valid
and all were returned by the bank.
Later during a telephonic contact with PRO, GNITE
was told that the money was coming from Jamaica or some place
else and that there had been an error in the transfer of funds.
About a week later, SMITH learned that the Chemical
Bank of New York,. which was involved in the negotiation of
the lease by PRESLEY from ¥.U.P., reported that the standard
chattel lease agreement was anacceptable, and they provided
their own Graft of the agreement, consisting of approximtely
-83 pages, to embody the terms of the agreement between ELVIS
PRESLEY and V.V.P.
On Tuesday, July 13, 1976, SIDNEY ENSIMER, an °
attorney for ¥.V.P., eame to Memphis with the document, aad
eertsin changes were mace with pear Plog ape ef SXEINm as.
epokesmsn for W.U.P. and the Cheni Bank of Sew York. ~~
While ZSNEIMER was in the law office with GNITH and PAVIE,
CAGGIANO and BASZNER arrived emnpsoenced. BASZNER bad certain
fevoices for payment for upgrading en the aircraft. DAVIS
@id sot want VERNON PRESLEY to sign thes as BASZNER dosired,
because under the original rider of the lease, the release
ef funds for upgrading was the responsibility ef U.W.P.
PRESLEY then, with the approval ef the attorneys, etsee
tiie these invoices evidencing approval that W.V.P.
wack payzents as it was pot desired that PRESLEY be placed in a
wes position of supervising the aepgrading and modification of
wy
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