He went over the records slowly, looking for an opening while Cassie hovered behind him in her small office. He noted the pack of cigarettes sticking out of her purse where it lay on her desk. He looked up and smiled. “This may take a while. You want to smoke ’em while you got ’em?” He tapped the protruding pack of cigarettes.
“I’ve been dying for one since lunch. But it’s a no-smoking building and I’ve had no time to sneak out.”
“The sidewalk is an option right now.”
Cassie’s fingers curled and uncurled slowly as she eyed her pack of Winstons. “Okay, I give. I won’t be gone that long. I might actually need two cigs.”
“And isn’t there an Au Bon Pain across the street?”
“Yeah, I love their stuff. Our coffee sucks.”
“Then go smoke and when you’re done go get us some java.” He gave her some money. “Take your time. Looks like we’re going to be here a while. No room for error with the Middle East guys,” he added ominously.
As soon as she was gone, Roy started clicking keys on her computer. Luckily he didn’t need her password as he was already in the database. He wasn’t familiar with their electronic filing system, but he figured searching the names of clients would be sufficient. And he was right. He quickly skimmed half a dozen transactions that he and Diane had worked on over the last eighteen months. Now he understood why Cassie had been confused about the dollar amount earlier. The escrow instruction letters that Diane and Roy had prepared for these deals, which basically told DLT how much money would be sent and on what conditions it could released, did not match up with the DLT records in one critical respect.
The cash.
From his own records Roy had jotted down various facts for each of the six transactions he wanted to compare with DLT’s records. The Dixie Group shopping center deal had been for $775 million plus debt assumption. That’s what Roy had written down from the Shilling & Murdoch instruction letter they’d sent DLT. DLT had scanned all the instruction letters into their computer system. But the instruction letter Roy was looking at, which appeared to be on Shilling letterhead, had the cash purchase price at $795 million, a $20 million discrepancy. At her level, Cassie would not have caught this because she just followed the instruction letter. And if the funds coming in matched the amount stated in the letter, there would be no red flag. And apparently the incoming funds hadmatched.
Roy sat back. Why would his client in the U.A.E. have sent extra money? No purchaser paid more than the contract price. Or had the client even sent the extra money? He clicked a few computer keys and looked at the confirmation slips on the wire transfers for some of the deals. Money wires coming in from overseas were dealt with a bit differently from wires between U.S. banks, particularly after 9/11. Roy knew there was a list of sensitive countries and American authorities kept a close watch on monies flowing from these places into the United States in case they were being used to fund terrorist activities.
All bank wires, whether domestic or foreign, still ended up moving through the Federal Reserve System in some fashion and with varying levels of scrutiny. But it was still an arena that was fraught with the potential for abuse. Roy glanced at the date of the instruction letter he was looking at on the screen and then looked at the cheat sheet he’d prepared from his own records. The date on the screen was two days after the one from Roy’s records. He knew that instruction letters were updated all the time as conditions changed. But conditions hadn’t changed in this instance. Roy’s date was for the absolute final instruction letter. Someone else had later changed it, and had added $20 million in the process.
He remembered the string of extra numbers that he’d seen on the computerized records he and Mace had looked at over dinner at Altman’s guest house. He inputted the name of that client and looked at the instruction letter for that deal. Roy knew that the purchase amount had been $990 million for the manufacturing facilities. But on the instruction sheet another $25 million had been tacked on and the date on the letter again was after the latest date Roy had. And on a confirmation sheet it showed the