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Petitioner has long been interested in mass transportation
problems. In the 1970's, he was involved in a project that
involved mass transit technology. It is unclear what sort of
role petitioner had in this project, but his participation put
him in contact with other people who were involved with mass
transit technology. That specific project never materialized,
but petitioner stayed in contact with certain individuals (the
group) who petitioner stated “shared the same vision” with him
about mass transit.
Petitioner and the group3 are advocates for a suspended
light rail transit system called Sky Shuttle. Sky Shuttle, Inc.,
was incorporated in 1977, and petitioner was the sole shareholder
and director. Sky Shuttle, Inc., did not have any assets or bank
accounts. Petitioner testified that the corporation was set up
to hold the name and for status when associating with other
companies and in dealing with major corporations.
The corporation paid the yearly State franchise tax fee.
Sky Shuttle, Inc., filed corporate tax returns for 1992 and 1993
reporting no income and claiming the franchise tax fee as an
expense. During 1992 and 1993, petitioner claimed that the Sky
3 Members of this group included Michael Williams, who
worked with petitioner in aerospace, and Gerald McMurry, who was
a specialist in suspension systems. It appears that others were
involved as well, although petitioner did not name them.
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