19920308a Fbi Memo - Meeting Btw Trustee And Yamaguchi

Memorandum

To

SAC, San Francisco ((Q(,J}-SF-Cf1}S"5)(P) DQt~

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3/8/92

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Connie Chip Armstrong, et al

dba, Hamilton Taft and Company, et al San Francisco, Ca. FBW (B); Mail Fraud, Bankruptcy Fraud, OO:SF

712

(A);

On the afternoon of March 5, 1992 a meeting was held at the office of AUSA Michael Yamaguchi to discuss prosecru~t~i~o_n __ strategy in the above referenced matter. Present were~I====~~==~= ESQ. representing the bankruptcy trustee. Also present was Mr. Ronald Smetana, Deputy Attorney General, Major Fraud unit of the california state Attorney General's office. SA's will Hatcher and re resented the FBI.

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On February 27, 1992 the accountant for the trustee finished his second interim report for the bankruptcy which includes among other thing a tracing of over $4,000,000 directly into the pockets of Armstrong himself. The report cites payments by Armstrong using Hamilton Taft funds to a stripper' and the use of over $225,000 to purchase Dallas Cowboy "skyboxes lt • The next investigative step is to apply for an ex parte order for Armstrong's personal tax returns for 1988, 1989, and 1990. Also several interviews of former Armstrong associates will be conducted in Texas. Finally due to the continuing effort being expended by SA Will Hatcher and his anticipated involvement in this matter it is requested that he be designated co-case agent for the remainder of the investigation of this case.

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