Addendum
The author believes the conversations and events happened as related. In an unsigned note to Mr. Prell from Mr. Lloyd Cutler (Dated June 25, 2002) Cutler acknowledged meeting with the author, however he stated he has no recollection of anything, which concerned funds being put into a Swiss Bank account or anything about some members of the Board of Directors of the Penn Central providing their own personal money to fund the said account.
Therefore Mr. Prell has prepared the following statement to assist readers, in deciding if they should accept, as valid, his description of what was said during the meeting in Lloyd Cutler’s office.
"I believe my recollections as to the details of the conversation with Mr. Cutler, are as I related them in the story. Mr. Cutler wrote that he had no memory of discussing with me the Fund, which had been set up in the Swiss Bank; but one might ask: ‘Why did Mr. Cutler ask Mr. Volk to have someone come to Washington D.C. for a meeting?’ Was it not to "size- up" the person to be trusted with the Swiss bank account, and then to confide in him the details of the account?"
"If the meeting was simply to give me the documents to be signed, or to merely explain about the hold-outs (Items I already knew about) then why ask me to take the "red-eye" to Washington D.C., meet for an hour in private, and then have me rush back to Los Angeles, to arrange for a flight to Zurich? Certainly the reason for the trip was for Cutler to meet ‘this Mr. Prell in person,’ size him up, and then once satisfied, give him the details which he had received from a person representing some members of the Board of the Penn Central. In the note I received late in June of 2002, Cutler told me he did not represent the Penn Central or its Board that at that time his law firm represented the agent for the Swiss Franc Noteholders. He wrote that the Law Firm representing the Penn Central was a Philadelphia law firm, with whom he was in contact."
"From the time I left Cutler’s office until I met with the primary "hold-out," I did not have any conversations with anyone (other than Harry Volk) concerning what I had been asked to do. So if Lloyd Cutler didn’t convey the details about the Swiss Bank Account, who did instruct me? And if it didn’t happen as described, why was I asked to rush to a private, one-on-one meeting in Washington D.C.? No, it was more than just to be handed a few papers, which could have been delivered by an overnight Courier Service. It was for the purpose of being given information, which could not be in writing, and which had to given in person (not delivered over a telephone line)."
Donald B. Prell