July 7, 2003

S.A. Kenneth Welch
FBI - Washington Field Office
601 4th Street, NW
Washington, D.C. 20535

Dear Mr. Welch,
I would like to thank you for taking the time to examine all of the documents and correspondence that I sent you last week. I am writing to request that your agency examine the legal documents and if appropriate, launch a federal investigation on the parties invoiced in my bankruptcy proceedings. The purpose of this letter is to ask for your assistance in investigating the questionable actions of Trustee Stephen S. Gray during his tenure as Trustee for V&M Management, Inc. from 1996-1999. I believe that once you examine all of the related legal materials and judicial findings that you will find grounds for a federal investigation of Mr. Gray's highly suspect activities while Trustee of V& M Management, Inc. These allegations of fraud and perjury involve false statements to the Court (see attached letter from the Bar of Overseerers) and the misappropriation of several million dollars of federal funds from the Department of Housing & Urban Development (see exhibit 1 for full details regarding Stephen Gray).

The U.S. Bankruptcy Appellate Panel For the First Circuit remanded the V&M bankruptcy case (V&M Management, Inc., Debtor, Chapter 11 Case No. 96-10123-CJK) back to the U.S. Bankruptcy Court to conduct a full evidentiary trial on two counts. Count one deals with determining who is responsible to pay the IRS taxes owed on over $2 million of profit pocketed by Trustee Gray. Currently, the IRS holds me responsible for paying the taxes on over $2 million Trustee Gray kept for himself (Please refer to the document that was sent to you as exhibit 2 entitled BRIEF FOR RESPONDENT, in the case of Alphonse Mourad v. Commissioner of Internal Revenue, No. 7873-01, U.S. Tax Court). The IRS claims that I am the sole owner of the development, and because it is a sub chapter S corporation, no one else could profit from it. However, Judge Kenner ruled that Trustee Gray is the owner, which is debatable, and as a result of her ruling, he was allowed to qualify for a tax credit that was in excess of $12 million, which technically should belong to me, according to the IRS and their assessment that all profit and losses run with the owner of a sub chapter S corporation.

The second count deals with his negligence in devaluing the property from $10 million to $200,000, where the property was grossing in excess of $2 million a year in HUD Section 8 Federal Subsidies. Also, I was able to secure a $5.5 million mortgage from the Multi-Loan Network in order to refinance the property and pay back the creditors 100% of their money. Trustee Gray refused to support my plan to reorganize the company, despite having had the money secured. Furthermore, the Bar of Overseers concluded that Trustee Gray "filed two false, or at least grossly inaccurate, disclosure statements with the Bankruptcy Court." Gray filed two Verified Statements stating that he had no affiliation with me or V&M (the debtor), or any of V&M's or my attorneys. It is also a fact that Gray was being represented at the same exact time by Harold Murphy of Hanify & King in two other bankruptcy cases, who was also V&M's and my attorney in the V&M bankruptcy case. This is clear case of perjury.

In Exhibit Three, you will find information regarding Winter Hill Federal Savings Bank's turbulent relationship with V&M Management. The motion shows how Winter Hill Federal Savings Bank of Somerville Massachusetts, the major creditor in V&M Management's bankruptcy case, deliberately sided with Beacon Residential Properties and accepted their proposed reorganization plan which paid them considerably less than Alphonse Mourad's reorganization plan that would have paid Winter Hill in full. Judge Rouse, the original Judge in the Winter Hill case, allowed a jury trial scheduled for January 11, 2000 which would have taken place in session C. The Court then moved the case to session D, were Mourad previously had problems with the session D clerk, James Kelley, in which Kelley, who is politically biased against Mourad, had called Mourad a "thief and crook" and had accused Mourad of stealing money from V&M Management. Kelley later sided with Attorney General Harshbarger when he went for receivership of V&M's assets. Victor Aronow, V&M's attorney, filed a motion for change of session and then change of venue. Winter Hill has a long history of partaking in criminal activity, as is demonstrated by the federal inditement of former President Roy Khein. The documents will show that their fraudulent activity continued with many of its dealings with V&M Management.

The rest of the documents I have sent you (Exhibits 1-16) will explain the entire background and history of the case, which is the largest docketed bankruptcy case in the history of the U.S Bankruptcy Court in Massachusetts. The docket sheet alone is approximately 200 pages. I would like to draw your attention to the issue of federal relevance in which I believe your department has both the responsibility and the jurisdiction to investigate and prosecute. I would appreciate any assistance you may grant me.