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1987
Management fees $60,000 Legal & professional $14,797
Travel expense 2,833 Entertainment 359
Advertising 1,000 Outside services 4,522
Repairs and maint. 5,788
1988
Outside services $18,600 Telephone & utilities $ 6,930
Misc. expenses 953 Engineering expenses 50
Management fees 60,000 Professional & legal 35,931
Travel expenses 10,544 Entertainment expenses 610
Shareholders' Investments in Good Shepherd; Petitioners'
Deductions
Each petitioner was informed by Vebeliunas that it was
possible to buy shares in Good Shepherd, and information from
Vebeliunas was the only information each of the shareholders
considered in deciding to invest in Good Shepherd.
On account of the investments of the shareholders in Good
Shepherd, petitioners claimed losses for the years in issue as
follows:
Petitioner(s) 1985 1986 1987 1988
Zards --- $6,791 --- ---
Weinman --- 84,225 $33,629 $20,392
Donahue --- 387,263 143,118 96,733
Vipulis $126,483 --- --- ---
Vebeliunas
Vebeliunas was indicted in 1992 on more than 40 counts of
violating Federal statutes prohibiting conflicts of interest,
fraud, witness tampering, racketeering, interstate transportation
of money and securities obtained by fraud, and misapplication of
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