- 8 -
Petitioners also paid their monthly rent of $689.06 to Pinellas
from the Indian Rocks account beginning in August 1983.
Petitioners earned at least the following amounts of
interest on their bank accounts during the years at issue:
Bank Name of Account 1982 1983
Park Bank King Air Conditioning --- ---
Fortune Federal Joy Smythe $613.95 $1,335.69
(#0049051210)
Atlantic Natl. Lillian Joy Miravalle --- 1825.55
(#14806653249)
Indian Rocks King-Air --- ---
Atlantic Natl. Lillian Joy Miravalle --- 502.72
(#54800011355)
TOTALS $613.95 $2,663.96
1 This is the interest earned through Nov. 30, 1983.
During 1984, petitioners had a business account in the name
of DJM Enterprises at Flagship Bank. Mrs. Miravalle had a
personal account at the same bank in the name of L. J. Miravalle,
Social Security number 494-28-3540.5
On December 30, 1983, petitioners opened a joint account at
Merrill Lynch. William L. Schools (Mr. Schools) was the Merrill
Lynch employee who served as petitioners' financial consultant.
When opening their account, petitioners represented their annual
salary as $100,000 from their business known as King-Air, which
they said they had been operating for 10 years. Mrs. Miravalle
told Mr. Schools that petitioners had $400,000 in cash, their
5 See supra note 3.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011