- 10 - THE WITNESS [Ms. Levin]: And I went to this meeting by myself and I was surprised at all the people who were there. * * * And I found out that they all had different names on them. And this woman was sitting next to me and she asked me how much money I owed and I said, "Well," you know, I said, "it's still -- it's being taken care of." And she said, "Oh, no. This has been finalized a long time ago." And she said she owed $20,000 and she paid it. And I didn't know anything about this. I went home and I asked Harris about it. And he said nope, that it was still being worked on and that Alan Letterman was taking care of it. (Litigation by Schulman investors was commenced in 1987 and 1988. See Marine v. Commissioner, 92 T.C. 958, 970 (1989), affd. without published opinion 921 F.2d 280 (9th Cir. 1991).) Q [by Ms. Levin's counsel] Okay. Did you ever participate in the tax audit regarding the Schulman investment? A No. Q Did Harris ever volunteer information concerning that examination? A No, only when I would ask. If I asked what was happening, it was being taken care of. Q And what did that mean to you, that "it was being taken care of"? A He would say that Alan Letterman was taking care of it. Q Did that have any significance to you? What did that mean to you? A It meant that it would be taken care of. * * * * * * *Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 Next
Last modified: May 25, 2011