OCR transcription — Page 203
BU 92-61 — continuation — report page -10-.
The July 23, 1958 newspaper article continued that FREEDMAN and MONTANA were 'accommodation endorsers'; neither reportedly benefited from the loans and the company paid neither of them directly nor indirectly.
ANTHONY SCHIAFFIANO, Assistant Auditor for the State Liquor Authority Office in New York City, reportedly testified July 23, 1958 that he had been told SAMUEL FREEDMAN loaned $20,000 in 1954 to Power City Distributing because FREEDMAN was a 'very good friend' of its president, STEFANO MAGADDINO.
A July 24, 1958 Buffalo Courier-Express article, 'Montana, Magaddino Failed to Testify in SLA Case,' reportedly said counsel for the company rested its defense to 18 State Liquor Authority charges without calling the two company officers present at the hearing.
The bankruptcy petition reported four thefts from the Power City Distributing office and warehouse over several years, during one or more of which company books and records were taken.
On July 28, 1958, [REDACTED], Niagara Falls, New York Police Department, supplied information from police records.
On July 30, 1956, Power City Distributing, 200 9th Street, reported a burglary at its office and warehouse. The police report noted the warehouse offices were 'ransacked'; cash and cigarettes had been removed from a cigarette machine.
On August 3, 1956, the company reported another office-and-warehouse burglary. [Continues on next page.]
[Redactions are retained; this draft reflects the visible scan.]
Uncorrected machine OCR. Verify names, dates,
and quotations against the original FBI scan.