- 8 - from other sources into account 01150, a personal bank account maintained by Mr. Makalintal in his and petitioner’s names. Generally, the funds transferred into account 01150 were then withdrawn and transferred into account 01206, another personal account maintained by Mr. Makalintal in his and petitioner’s names or into various bank accounts of the California corporations owned and operated by Mr. Makalintal. In 1986, 1987, and 1988, petitioner made occasional withdrawals from account 01206 but only at the specific direction of Mr. Makalintal. Petitioner also wrote checks on account 01206 but only to payees and in amounts that were approved by Mr. Makalintal. In 1987, on account 01206, petitioner wrote 314 checks totaling $146,282, and in 1988, petitioner wrote 665 checks totaling $367,323. At the specific direction of Mr. Makalintal, petitioner occasionally transferred funds among the various personal bank accounts that Mr. Makalintal maintained and the separate bank accounts of the various California corporations. Mr. Makalintal did not disclose to petitioner the source of the funds that she was directed to deposit into the various bank accounts nor the reason for the withdrawals and deposits that she was directed to make among the various accounts. Other than data entry, the transfer of funds among the bank accounts, and the writing of checks, as described above, all done at the specific direction of Mr. Makalintal, petitioner was notPage: 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