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G. Third Party Information..................................23
H. Meetings With FBI Agents and Strike Force Attorney.......23
I. Referral of Case to the Justice Department...............24
J. Petitioner's Criminal Case...............................26
K. Resyn's Bankruptcy Trial.................................26
L. Sale of Resyn Corporation................................33
M. Notice of Deficiency.....................................34
N. Petitioners' 1963 Return.................................34
OPINION
A. Whether Respondent Violated Grand Jury Secrecy Rules.....35
B. Whether Petitioner Is Collaterally Estopped From
Denying Factual Findings of the Bankruptcy Court.........37
C. Whether Respondent's Determination Is Arbitrary..........45
D. Whether Petitioners Received Constructive Dividends......47
E. Whether Petitioner Is Liable for Fraud for 1963..........53
F. Whether Petitioner Is Liable for Fraud for 1964 to 1970..54
G. Statute of Limitations...................................64
H. Whether Ruth Levitt Is an Innocent Spouse................64
MEMORANDUM FINDINGS OF FACT AND OPINION
COLVIN, Judge: Respondent determined that both petitioners
are liable for deficiencies in income tax and that petitioner Leo
Levitt is liable for additions to tax for fraud as follows:
Addition to Tax
Year Deficiency Sec. 6653(b)
1963 $180,853.16 $90,732.96
1964 225,591.07 113,118.26
1965 67,160.06 34,407.72
1966 241,895.20 120,947.60
1967 98,213.03 49,106.52
1968 221,132.70 122,893.86
1969 258,763.57 134,598.39
1970 17,945.61 21,129.21
Following concessions, we must decide the following issues:
1. Whether respondent's use of Resyn Corporation's
business records violated grand jury secrecy rules. We hold that
it did not.
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