![]() In return, Salema received a green binder containing the Guardian license and a number of other corporate papers, as well as the corporate seal. Then, on November 2, Salema returned to complete the sale, and tendered a $35,000 certified check from Maryland National Bank, drawn on Stephanie Venable's account. In addition, Guardian was a "Category B" bank under Montserrat law, a bank that could not issue checks. ![]() At the time, Guardian had no assets, no business and a zero balance sheet. Donald Pelgrim of WFI Corporation testified that Salema met with him on October 28, 1988, in order to arrange the purchase of the license for Guardian Reserve Bank, Ltd., for the price of $35,000. Raquel Watts also testified that Salema received the $5000 from Stokes on that date.Īdditional evidence fleshed out Salema's plan and scheme to defraud Maryland National. Salema frequently employed "Youseff Kyraine" as an alias. Testimony of Steven Smith of Western Union, and documents entered into evidence, established that later in the day on November 9, Stokes wired $5000 to Salema, addressed under the alias Youseff Kyraine. The bogus Guardian Reserve Bank check had not yet been returned, and Maryland National Bank still believed that funds were properly on deposit to cover the withdrawals. On November 9, Stokes withdrew a total of $45,000 from her savings account at Maryland National Bank. On November 8, 1988, Stokes and Salema had a telephone conversation in which Salema asked her to send him money. The check Stokes deposited purported to be drawn on Guardian Reserve Bank, Ltd. On her savings account application, Stokes stated that she was unemployed. As to Stokes' check, evidence showed that on October 25, 1988, Stokes opened a savings account at the bank and deposited a single cashiers check in the amount of $50,000. The superseding indictment charged Salema with violation of federal law with regard to his actions in concert with Eraina Stokes, and the fraud committed thereby on Maryland National Bank.
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