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82
ing account in the name of the Unification Church, New York. The source of this
$285,000 was Moon's time deposit proceeds from which Moon's own stock
purchase funds were derived. Two days before Kamiyama wrote his check for
$75,000 to DNB for the stock purchase, Komiyama wrote a check to himself from
this Unification Church, New York checking account and deposited the check to
his newly opened Citibank account. Two days later, he wrote a check for his
stock from this Citibank account.
In effect, both Moon's and Kamiyama's stock purchase money came from the
same source, namely, cash deposits to Moon's time account at Chase which,
though the time deposit was in his name, Moon has characterized in testimony
before the SEC as being "church funds."
Though the funds came from the same source, the checks presented by
Moon and Kamiyama for their actual stock purchases came from two apparently
unrelated checking accounts in their own names. Certain other stock purchases
made by Unification Church members which were arranged by Pak Bo Hi were
also made through personal checking accounts in the names of the church
members and were based on deposits of cash to those accounts just prior to the
actual stock purchase. One couple who invested at Pak's suggestion purchased
cashier's checks which they deposited to their checking account less than a week
before their purchase. Other church members or persons closely associated with
Pak Bo Hi who wrote checks for their purchases based on infusions of
untraceable cash (or cashier's checks drawn on other accounts to which
untraceable cash had been deposited) included Kook J. Seuk, Neil Salonen,
581
Pak Bo Hi himself, and David S. C. Kim. Jhoon Rhee's $100,000 investment
apparently came from personal resources.
Pak Bo Hi's explanation of how he obtained almost $1 million for bank stock
purchases was complex and unconvincing. He testified that $90,000 came from a
loan from Mitsuharu Ishii. Ishii gave him the money in cash in New York in
November 1974, but he did not know how Ishii obtained it or brought it into the
country.
582
Pak kept the money at his home for nearly 10 months--for "no
particular reason." (583) Some days before purchasing the stock, Pak deposited
most of the money in his Riggs account--but in three separate installments,
described as follows: On September 3, he bought a $50,000 cashiers check at
the National Savings and Trust Co. which he later deposited in Riggs. On
September 5, he bought a $15,000 cashiers check, also at National Savings and
Trust, and again deposited it at Riggs. Finally, he deposited $10,000 in cash
directly into the Riggs account.
Following these deposits Pak was able to write a check to pay for his $75,000
stock purchase.
584
Pak said there was "no particular reason" for this circuitous
method of transferring the money into his account.
585
380
The money used to buy stock in the names of 13 fellow Unification Church
members came from the "Unification Church Pension Fund International,"
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