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. tte 2 ' ‘ ‘ ‘ 35) SS Oe ue ‘6 pe ¢ a ¥, cans «one acetate ay He @ - Ord ME 87-16994 On October 13, 1977, the facts of this case vere presented to the Federal Grand Jury, Western District of Tennessee, Memphis, Tennessee. Following deliberation, a sealed indictment was returned, which indictment remained sealed until October 18, 1977 when it was opened upon appli- cation of the United States Attorney's Office, Memphis. . | The indictment charged that FREDERICK P. PRO, 3. LAURENCE WOLFSON, RAYMOND BASZNER, GABRIEL ROBERT CAGGIANO, ROY | EVERETT SMITH and PHILIP KARL KITZER, JR. devised and intended to devise a scheme and artifice to defraud and obtain money and property from ELVIS A. PRESLEY knowing that all representations made were false. The indictment sets forth that PRO did do business as Air Cargo Express, Inc. and as Span East Airlines, J. LAURENCE WOLFSON did business at Transworld Industries, RAYMOND W. BASZNER and GABRIEL ROBERT CAGGIANO did operate and control the business known as World Aircraft Exchange, Inc. and CAGGIANO acted as attorney for BASZNER and. for World Aircraft Exchange. It was further part of the scheme to defraud ROY EVERETT SMITH, who acted as Secretary of the Board of Directors of and as Secretary of Air Cargo Express, Inc. and acted as an Agent of FREDERICK P. PRO. In furtherance of this scheme, neither BASZNER mor CAGGIANO revealed to PRESLEY that they were employees of PRO nor did CAGGIANO reveal that he was a part owner of World Aircraft Exchange, Inc. WOLFSON acted as ‘Treasurer of Commercial Air Transport Sales, Inc. but did not reveal he 6id business _— as Transworld Industries, Inc. ° “oe By means of false pretenses and promises, PRESLEY gold his Lockheed Jetstar aircraft to WWP Aircraft Leasing Corporation, which in turn leased back the aircraft to PRESLEY for a monthly rental of $16,775 for 84 months. PRESLEY sub-leased the aircraft to Air Cargo Express for 84 months at a monthly rent of $17,775 and for an additional 36 months at a monthly rental of $10,000. At the same time WwP Leasing Corporation obtained a loan of $950,000 from the Chemical Bank of Mew York to finance the above transaction with $611,951.67 going to release PRESLEY's indebtedness to 218 -Tegft an a ee i a ene DTT