- 7 -- 7 - ers used one or more of their various bank accounts (accounts), inter alia, in order to pay their personal expenses, to pay expenses incurred in connection with the operations of peti- tioner's sole proprietorship, and to make payments to, or on behalf of, K & H. During those years, petitioners deposited into one or more of their accounts funds from various sources, includ- ing funds obtained by petitioner in connection with the opera- tions of his sole proprietorship, funds obtained by petitioner through draw requests for proceeds of construction loans that had been made to K & H and to Ms. Velilla, respectively, funds obtained by petitioner from Mr. Kabeiseman, and funds obtained by petitioners from certain other identified sources and certain unidentified sources. Deposits of K & H's Construction Loan Proceeds, Checking Account Funds, and Credit Line Funds and Ms. Velilla's Construction Loan Proceeds and Checking Account Funds During 1989, petitioner deposited the following funds into petitioners’ account at the Hillsboro branch of Washington Federal: (1) $498,972.70 from the K & H construction loan accounts at the Portland branch of Washington Federal, (2) $35,000 from the K & H credit line at Washington Federal, and (3) $10,351.27 from the K & H checking account. During that year, petitioner also deposited $27,394 from Ms. Velilla's construction loan account at the Portland branch of Washington Federal into petitioners' account at its Hillsboro branch.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