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Polymer were for fictitious purchases. Petitioner controlled the
Polymer account. Petitioner diverted the following amounts from
Resyn to the Polymer checking account:
Monthly
Amount Statements
Year of Deposits Available
1963 $108.404.48 5
1964 238,555.24 11
1966 87,750.12 1
1967 40,517.47 12
1969 122,649.81 12
1970 5,370.72 12
Total 603,247.84
In 1963, petitioner deposited in the Polymer account Resyn
checks payable to T.F. McAdam (not otherwise identified in the
record) dated July 2, 1963, for $11,798.81 and July 8, 1963, for
$11,785.89.
There were often long delays in negotiating the Resyn checks
deposited in the Polymer account. Resyn checks totaling
$87,750.12, which petitioner deposited in the Polymer account in
1966, were written in 1963. In 1968, petitioner deposited in the
Polymer account $10,000 of Resyn checks written in 1967. In
1969, petitioner deposited in the Polymer account a Resyn check
for $517.83 written in 1967 and Resyn checks totaling $56,564.76
written in 1968.
Petitioner had Levenson sign and endorse blank checks on the
Polymer account which petitioner later wrote to cash as follows:
Date of Check Amount
Jan. 15, 1968 $10,000
Sep. 25, 1968 22,000
Nov. 29, 1968 8,000
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