◆ SpookStack

7 . . vide tyes eo tes e « ytee 0% ’ : e & 4 « 1 Pt ue ol we. v oa Oe wee, mare ne eee cent - _ - Se aan ae . \ a =o =e a oe nee 7 2 -- ° Of + t IP 87-22720$ $45, 000 payable to World Aircraft Exchange, fac... 7 for Part 121 Certification and Aircraft Modification _and Update Program; ‘ ~ $117,500 payable to FREDERICK P. PRO, Air Cargo Express, for Part 221 inspection and operational flight proving tests and Aircraft Improvement Prograz. CECIL CARTER, Vice President of NBC, made out several personal checks on PRESLEY's account which were signed by VERNON PRESLEY for bis son and were then converted iato cashiers checks for the above stated amounts to cover these invoices. In other words, $244,990 worth of checks were issued plus — a personal check of $17, 500 which was cabbed | at the bank by The first monthly payment for rent was sot due from ACE until August, 1976. However, ACE had indicated an iaterest in another aircraft belonging to PRESLEY and an arrangement was .- again proposed by NIGEL WINFIELD. This arrangement was propos¢d on behalf of A. G. M. Financial Corporation which is the same organization previously submitted by PRO to replace WWP in the first contract. This latter corporation was formed by ANGELO MANNARINO of Miami, Florida. A.G.M. sought to f111 the same role occupied by WWP with regard to the Jetstar on another plane of PRESLEY's, a Dassault-— Falcon. A similar type sale-lease back arrangement was entered into and VERNON PRESLEY gave personal checks to MANKARINO RO ia -the approximately amount of $53,000 which MANNARINO subsequently cashed. PRO presented PRESLEY wit bh three more checks the Coral Gables bank totaling approximately $95,000 representing the first and eighty-fourth monthly payments under the sub-lease as well as a check for $40,000 premium for the lease. Once . a again, mone of PRO’s checks were honored by the beak. A.G.M. could aot secure funding for this arrangement. ‘The Geal was called off but MANNARINO still wrongfully retains the $53,000 paid to it as a Geposit.” Over the next few weeks PRO made various representations to PRESLEY concerning the 121 Maintenance Program, facludiag such things as the wings of the Jetstar had been removed and X-rayed for any faults and that tests had been run on the plane. PRO also claimed that at different times he had flown the plane on test with various PAA officials and it would be just a matter of days before the 121 certificate would be granted by PAA