Part 13 (1/2)
”Well, I grabbed the Beanie froot research to come up with the 10K's on First State since 1980 when McMillan took over And the results were incredible” Mason held out a couple of charts and soraphs
”We compared both sets of books The botto very well McMillan has grown the company from 1 Billion to 12 Billion in 8 years
Quite a job, and the envy of hundreds of every other S&L knee deep in their own shi+t” Higgins cringed He thought Ms Man- chester should be shi+elded fro to one set of books, First State is losingtheether from one report to the next Not a lot of money, but a few ins pressed
”nobody notices cause the losses are all within the limits of the loss projections and reserve accounts Sweet and neat! Million dollar embezzlement scam with the SEC's approval”
”How ins asked as his pen fly across the legal pad
”Due to superior reporting ability,” Scott puffed up his chest in jest, ”I found that a good e I received are non-existent But, with a little prod- ding, I did get someone to admit that one of them was recently closed and the funds moved elsewhere
”Then, this is the clincher, as the caller promised, today, I looked for the First State SEC reports, and damned if the numbers didn't jive The books with the overseas accounts are the ones with the real losses and where they occur The 'real' books don't”
”The botto froh it'll be 3 Billion worth” Scott was proud of hie scains declared ”Where's the proof? All you have is so a very unusual and adame of 'what if'
You have a voice on the end of a phone with no na, and a so-called confirmation from someto do it' but never saying what 'it' is So what does that prove?”
”It proves that McMillan is a fraud, a rip-off,” Scott retorted confidently
”It does not!”
”But I have the papers to prove it,” Scott shuffled through the folders
”Let ins put down his pen and adapted a friendlier tone ”There's a little legal issue called right to privacy Lethere was a crook, ould you do?”
”Ask you to prove it,” Scott said
”Exactly It's the same here”
”But I have the papers to prove it, it's in black and white”
”No Scott, you don't What you have is some papers with accusa- tions They're unsubstantiated They could have easily been phonied You knohat computers can do better than I do Now here's the key point Everybody in this country is due privacy
You don't knohere these came from, or how they were obtained, do you?”
”No,” Scott hesitantly admitted