Letter from C.B. Anderson & Associates to Greg Ray:
[KWE Note: Note to the insurance company outlining the status of the KWVA claim investigation.]

From:
Christopher Anderson, CPA
C.B. Anderson & Associates
192 Ohio River Blvd.
P.O. Box 44
Sewickley, PA 15143

To: Greg A. Ray, Esq
Chubb Insurance Group of Companies
Fifth Avenue Place
120 Fifth Avenue, 21st Floor
Pittsburgh, PA 15232

Re: Korean War Veterans Association
Policy number 8145-38-48

Dear Mr. Ray:

Attached are 1996 and 1995 schedules segregating the KWVA claim. We have not received any data for claims arising during 1997. Stan Myrda and Nick Pappas have stated that losses were incurred during 1997.

The claim outlined by the KWVA, revised in the December 4, 1997 letter from Stan Myrda, has not been finalized. [The following outlines the status of the claim investigation to date, but the table is laid out differently on the Korean War Educator.]:

1995
Claimed by KWVA to date - $101,010.64-$175,010.64
Claim Summary Sheets - $122,826.29
Payments to Maison or his accounts - $58,832.12
No Benefit to KWVA - $9,312.20
Inadequate investigation summary - $40,874.47
Appears to Benefit KWVA - $13,567.63
Fundamentally Denied - $239.82

1996
Claimed by KWVA to date - $135,451.79
Claim Summary Sheets - $135,451.79
Payments to Maison or his accounts - $57,479.51
No Benefit to KWVA - $7,255.36
Inadequate investigation summary - $49,773.00
Appears to Benefit KWVA - $21,082.47
Fundamentally Denied - $3,362.01

1997
Claimed by KWVA to date - $5,000.00-$25,000.00
Claim Summary Sheets - $0.00
Payments to Maison or his accounts - $0.00
No Benefit to KWVA - $0.00
Inadequate investigation summary - $0.00
Appears to Benefit KWVA - $0.00
Fundamentally Denied - $0.00

Totals for all years
Claim Summary Sheets - $258,278.03
Payments to Maison or his accounts - $116,311.63
No Benefit to KWVA - $16,567.56
Inadequate investigation summary - $90,647.47
Appears to Benefit KWVA - $34,650.10
Fundamentally Denied - $3,507.87

1. Check disbursements totaling $116,31.63 to John Maison or to his accounts represents the amount paid by the KWVA to various credit card companies and to John Maison directly. No evidence has been presented to confirm that these disbursements did not enure to the benefit of the KWVA.
2. Certain transactions totaling $16,567.56, outlined by The KWVA, appear to only benefit J. Maison or his beneficiaries.
3. Inadequate claim documentation and investigation was prepared and presented for claimed transactions totaling $90,647.47.
4. Certain Transactions totaling $34,650.10 appear to benefit the KWVA and are likely inappropriately included in the KWVA claim.
5. Certain Transactions totaling $3,801.83 appear to benefit the KWVA and are inappropriately included in the KWVA claim.

Please call me at 559-8118 to discuss the above summary.

Sincerely,
(signed) Christopher B. Anderson, CPA