- 6 -
all relevant years, Vortex used the cash method of accounting and
a FYE September 30.
Mrs. Zhadanov worked as a senior engineer for a Russian
consulting firm before moving to the United States. After the
Zhadanovs immigrated, Mrs. Zhadanov first worked as a draftsman
and then she became a design engineer in 1974. In 1985, Mrs.
Zhadanov began working for Vortex as its bookkeeper. She also
calculated Vortex manufacturing costs for various products,
including plastic vials. Throughout the years at issue, Mrs.
Zhadanov was listed on corporate documents as a Vortex corporate
officer.
Mrs. Zhadanov prepared all financial documents for Vortex,
sometimes with the assistance of Anthony Abbate, C.P.A. She also
supplied Mr. Abbate with all documents used to prepare Vortex’s
tax returns. Mrs. Zhadanov regularly reviewed the documents
prepared by Mr. Abbate and periodically called him with
questions.
In 1986, the Zhadanovs and their son Eli Zhadanov formed a
partnership “100 Prospect Associates” through which they
purchased property located at 108 Prospect Street (the Prospect
Street property). Vortex moved its operations to the Prospect
Street property that same year. Vortex paid monthly rent of
$8,000 directly to Mr. Zhadanov, who deposited the checks into
the Zhadanovs’ personal checking account. In turn, the Zhadanovs
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