DE 29-1432 The following info was received by Dept. Attorney FRENCH from ' FDIC, summarizing portions of FDIC examination tTeports concerning GBT: "Examination report - 9-11-61 Open Section "Loan DOMINICK BARTONE ~ ($9, 367.50 Classified Substandard "Bartone from Cleveland, “Ohio. Loan arose thru collection item of Don Ross with Alvin Naiman Corp., of Cleveland originating @ $15M in Sept., 1960. As Collateral bank holds note of Dinmag, Inc. dated 11-14-60 due 8-1-61. Lutter firm engaged in airlines catering @ Miami International Airport. Bartone financial statement reflects assets @$483M and no debts. Assets principally investment in a Panamanian corpora- tion and salary therefrom. Bank management not too clear as to just what is involved but looks to Don Ross for payment, which is expected in 30 days. .Ross is a principal share- holder of this bank and he’ and his interests are indebted thereto some three quarters of a million dollars. Ross said to have guaranteed Bartone note, verbaily. This loan is said to have been an accomodation for Don Ross and his associate Hal Opper, the latter also being an investor in this bank. . mo. — "Examination report - 2-19- 62 Open Section i “| "Poan Dominick Bartone $9,637.50 due 9-25-61 Classified Substandard "Same loan as above. Said to be guaranteed by Don Ross. y “at Latter's statement of 11-28-60 reflects assets of $291, 200. . 4] debts of $23,000. and NW of $268,200." - oe . ¢ The following memo, not otherwise identified, was located in Ny Public Bank files during the FDIC examination which began 12/26/61: oY "MEMO 8/19/60 ---- Two checks totaling approximately 60M presented | on A.A, Naiman Corp. account when balance was approximately 29M. eee, We received a check for 50M on 8/19/ drawn on Guaranty Bank & eg Co. of Chicago by Dan Ross payable to Dominic E. Bartone. Called the bank and were informed there was no such account. Bartone — a claimed he had made arrangements over the phone with Triscara to: have the bank honor the check. Mr. Corrington, Pres. of the Guaranty Bank then informed us that he had made arrangements on ~* “S Thursday to have 50M on deposit and that unless something happened”/ to his customer Ross the money would be on deposit Monday". mel HW 45712 DBocld:32301601 Page 2?
HW 45712 (DE 29-1432 Dept. Attorney FRENCH is particularly interested in the possible involvment of LOUIS "BABE" TRISCARO in this matter; and in ‘determining whether violations of ITSP, Mail Fraud, or Fraud by Wire may be indicated. by .the facts concerning the above- mentioned "no account" check for $50,000 on 8/19/60 and the alleged “double pledging" of ANC accounts receivable to GBT. It is noted that Public Bank claimed to have “prior and enforceable" rights to all accounts receivable of ANC and Niagara Crushed . Stone, on the basis of assignments dated 10/23/59 and 4/7/60, “covering all. existing and all future accounts”, ‘In 10/60 JOSEPH F. VERHELLE stated that Public Bank's rights as assignee had not been waived in any way for the benefit of any person or party. . oo It is also noted that. enclosure’ #7 refers to a financial statement of BARTONE dated 8/31/60, submitted to GBT, showing his assets as $483,000 and no liabilities. ; CHICAGO AT CHICAGO, ILLINOIS : ae Through examifation of records and interviews with appropriate GBT employees, LOUIS E. CORRINGTON, JR., and DONALD ROSS, will ascertain full details concerning: 1, Check for $50,000.00 drawn on GBT on or about 8/19/60 by DON (or DAN) ROSS, payable to DOMINICK E. BARTONE. ’ 2. Arrangements between ROSS, TRISCARO, BARTONE and GBT re the “8 above check. “ - ; 3. Pledge agreements by ANC to secure loans from GBT in 8/60 and 9/60. ca me 4. Purpose of the above loans; how applied for; representations made as to the security offered; any use of mail or wire . communications in negotiating the loans; responsibility for handling these loans in GBT; how and to whom the proceeds were disbursed; how the loans were repaid. . a a ‘5. The nature of any guaranties by TRISCARO, BARTONE or others in re to these loans. DoclId: 327301601 Page 3