Western Assurance Co., Inc., Debtor in Possession v. Star Financial Bank of Indianapolis, F/k/a Security Bank

CUDAHY, Circuit Judge.

Western Assurance Co. (Western) is a California corporation engaged in the business of helping clients recover overpayments of FICA taxes. Its Indiana office was managed by J.D. Connors, one of its vice presidents. Connors Consulting Group (CCG) is an Indiana corporation that also assists clients in recovering overpaid FICA taxes. Since 1982, J.D. Connors has been the sole shareholder of CCG. Although the actual relationship between CCG and Western is somewhat obscure, it is clear that during late 1981 and early 1982, Western’s majority stockholder and CEO, Martin…