- 9 -
insurance companies; i.e., from individual patients, by analyzing
items that were deposited into Dr. Rao's bank accounts. Dr. Rao
denied to agents Gardner and Schwarmann that he had received
payments from individual patients or from any source other than
Form 1099 payers.
A second meeting was held on October 23, 1991,2 at agent
Gardner's office. Dr. Rao, Mr. Raclaw, and agents Gardner and
Schwarmann were present. Mr. Raclaw was taken by surprise when
agent Gardner stated to Dr. Rao that there were omissions of
income. At this meeting, Mr. Raclaw learned, for the first time,
that Dr. Rao had a bank account at Chase. However, this account
only was used to pay an equipment loan made by Chase.
Forest Park Medical Center
Dr. Rao decided to set up a medical center which provided
numerous medical services under one roof. On October 10, 1980,
Dr. Rao entered into a contract for sale for the purchase of a
two-story building (the building) located at 86-22 85th Street,
Woodhaven (Queens), New York, from Al DiFranco, Inc. The
building has 6,000 square feet with 3,000 square feet upstairs
and 3,000 square feet downstairs. On December 18, 1980, by a
bargain and sale deed, Al DiFranco, Inc., conveyed the property
2 The 2-year time lag between meetings was not explained in
the record.
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