6
to June 1985, petitioner was more involved in Stanko Packing's
daily operations than she had been previously. She controlled
Stanko Packing’s checkbook and paid Stanko Packing's expenses.
She also reviewed its bank statements and sometimes talked to
Stanko about whether to pay Stanko Packing's expenses. She had
detailed knowledge about the operations of R.G. Stanko Express.
During this time, she communicated with accountants at Fred
Lockwood & Co. about Stanko Packing. Fred Lockwood was Stanko
Packing's accountant until the summer of 1985. Petitioner knew
that Stanko Packing's records had been seized, presumably by law
enforcement officials, in late 1984 or 1985.
In March 1985, petitioner had Stanko Packing pay her $1,500
for her work on its behalf.
C. Transfers of Stanko Packing Assets to Stanko and Petitioner
in 1984
1. Stanko Packing's Transfer of Assets to Stanko in 1984
On September 17, 1984, Stanko Packing transferred the
Packerland note, cash, and other property to Stanko, which made
Stanko Packing insolvent. Petitioner knew that Stanko Packing
transferred the note to Stanko.
2. Stanko's Transfers to Petitioner in 1984
Stanko transferred the following property to petitioner on
September 17, 1984: (a) 250 shares of Sugar Valley stock; (b)
4,000 shares of Butch's Cattle Co. stock; (c) 500 shares of
Jackson Feeders stock; and (d) 500 shares of stock in the School
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