- 128 -
Naples. Petitioner was a shareholder of the Riveria Condominium
Company of Naples. In 1979 and 1980 petitioner owned two
condominiums in the Riveria Condominium Complex. Clem and
Priscilla Meier also owned a condominium in the same area.
Mr. Dinunzio was no stranger to petitioner. In 1976, at age
20 and while still in college, Mr. Dinunzio married petitioner's
daughter, Sherie. After graduating from college, he began
working for some of the entities that petitioner controlled. For
example, Mr. Dinunzio was vice-president of CDC, Caspian
Machinery, Caspian Electric, and Caspian Florida. Furthermore,
petitioner purchased a home in Columbus for Mr. Dinunzio and his
daughter. Petitioner also provided Mr. Dinunzio with a Cadillac.
Mr. Dinunzio maintained diaries showing who used the
condominium during the years 1979 and 1980. Some of the persons
who used Mr. Dinunzio's condominium were employees of CDC, such
as Cindy Seaman, Celia Longenbaker, Priscilla Meier, Jane
Kellermeyer, Steve Dutton, and Mr. Dinunzio; others who used the
condominium included business associates who wished to bid on
work that was to be done on a building being constructed by CDC,
clients of petitioner, and friends of Mr. Dinunzio.
In addition, for the year 1980 petitioner substantiated
payments in the amount of $3,360.74 for Mr. Dinunzio's Florida
condominium. However, petitioner deducted $4,022.68 with respect
to this condominium as rent expense.
Page: Previous 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 NextLast modified: May 25, 2011