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Elvis Presley — Part 6
Page 82
82 / 96
14 -o
by DAVIS that ACHTMANN had told DAVIS that be requested
PRESLEY pay the monies directly to these people.
The first ponthly rental payment was not dee fron
Air Cargo Express entil Augast 35, 1976. Sowever, Air Cargo
Express indicated an interest in another aircraft belonging
to ELVIS PRESLEY and an arrangement was again proposed by
the broker, MIGEL WINFIELD. This arrangement was being
proposed in behalf of A.G.M. Fimascial Corporation, which -
dis the same organizat oa PRO to
replace W.W.P. in the first contract. This corporation was
forned by one ANGELO _with eo business address
ef 14423 th th sae, lorida (305-251-7209) .
A.G.¥: g . e lished by ¥.U.P.
with regard to the Jetstar on anotber plane of PRESLEY'S,
@ Dassault-Falcon, Model Number 90-C, Serial Wanber 30.
Agreements were drafted between 4.G6.N. and ELVIS PRESLEY,
which were executed on Jaly 30, 1976. A similar type ale
and lease back arrangesent was entered isto as previously
described at the initial stages of this isterview. VERNON
PRESLEY gave personal checks to ANGELO MANNARINO is the
approximate amount of $53,000, which MANNARINO subsequently
eashed. PRO presented PRESLEY with three more checks totaling
approximately $95,000, again representing the first and S4th
monthly payments ander the sub-lease aad a check for 940 ,000
“premium for the lease. Again none ef PRO'S ehecks vere
honored by the bank.
Because MANMARINO and A.G.N. eould act secure
funding for the snle-lease back arrangement on the Paicoa,
PRESLEY was able to call off this desl. However, A.G.E.
etill wrongfally retains $50,000 paid it as a deposit.
During the segotiations for the second @ale-leasse
back agreement, Air Cargo Express did mot tender its second
monthly rental paynert. Saneroes telephone calis followed
checking ap on the progress and epgrading of the plase, asd
PRO told SMITH that the delay in funding by the Chenical
@ank had caused his company to be scaewhet behind im achieving
921 Maintenance. PRO asked for and ¢id receive an extensice,
granted hin by ¥.U.P.
Over the sext feu weeks PRO ance varices repre-
eentations to PRESLEY and SMITH concerning the 121 Maintenance
Program, iaclading such things as the Wings of the Jetstar had
16
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