- 33 - horses. She did not participate in these activities, except to occasionally visit Sheldon's garment business showroom or a race track where one of Sheldon's horses was running. She did not participate in the decision-making. Sheldon had several bank accounts in his own name, but Nancy did not have access to the records for these bank accounts. Until 1985, Sheldon did not tell Nancy about the grossly erroneous item, or the State Coal investment that produced that item. Also, Sheldon did not tell Nancy of the $81,054.77 tax refund check that he received on account of the grossly erroneous item, or that he deposited the check in one of his bank accounts, or that he made withdrawals that exceeded the deposited amount within about 2� weeks after the deposit. She did not learn of this until after Sheldon died. Thus, as to most business and major investment matters, Sheldon neither hid nor volunteered what was happening, but clearly he hid the State Coal investment and its tax aftermath. There was no lavish or unusual expenditure or large unexplained increase in the Silverman's standard of living at, or after, or in connection with, the State Coal investment or the tax refunds. Unlike Sheldon's garment industry and horse racing activities, State Coal did not have any showrooms to visit or horse races to watch. Apart from the 1981 tax return itself, we are satisfied on the record in the instant case that nothing occurred that shouldPage: Previous 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 Next
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