- 19 - petitioners told Klimkiewicz that there was a box in which the proceeds from the Newman property and other cash savings were kept, and that only Michael had access to this box. Michael told Klimkiewicz that he alone had a key to the box, and that he alone knew the amount of cash in the box. He also provided to Klimkiewicz a typed statement he had prepared, indicating that, as of January 1, 1994, he had accumulated a cash hoard of roughly $180,000 in the box. When Klimkiewicz asked petitioners at this meeting how much cash remained in the box at that time, Michael told her that, while he did not know the exact amount of cash remaining in the box, she could determine the amount by subtracting out--presumably from the roughly $180,000 cash hoard that he said at this meeting had been in the box at the beginning of 1994--the amount that she was proposing as an understatement; the resulting amount would be the amount of cash remaining in the box as of that date. At trial, Michael testified that there was roughly $60,000 to $70,000 in the box at the beginning of 1994, and that he ran out of money in the box a year after he bought the Metairie Court property. Also at the July 1997 meeting, Michael provided to Klimkiewicz a written statement in which he indicated that he did not use any of his cash savings from the time he was 12 until the beginning of 1994.Page: Previous 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Next
Last modified: May 25, 2011