J.J. Zand - Page 87

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          Diesel Power   1972-1976      Yes            Diesel Power Banque            
                                                       de Paris                       
          Diesel Power   Unknown        Unknown        Diesel Power Channel           
                                                       Island                         
          WHIP           1972-1976      Yes            WHIP Barclays                  
                                                       Bahamas                        
          WHIP           Unknown        Unknown        WHIP Banque de Paris           
          All Patents    1972-1976      Yes          All Patents Banque               
          de Paris                                                                    
          IGOS           1974           Yes            IGOS CNB Columbus              
          Interrep, S.A. 1973           Unknown        Interrep Banque                
          de Paris                                                                    
               During 1973 petitioner wrote checks to himself on the Diesel           
          Power Bank of America account5 in the amounts of $30,000, $75,000,          
          $90,000, and $10,500.  These checks were endorsed for deposit               
          into either a CTC account or one of petitioner's personal                   
          accounts.  An additional $50,000 was withdrawn from this account            
          during 1973 and paid to petitioner/CTC.  The CTC cash receipts              
          journal reflects each of these amounts received as a loan.                  
          However, there is no other documentary evidence of a loan between           
          petitioner and Diesel Power at this time, nor is there any                  
          documentary evidence that such a loan, if it existed, was ever              
          repaid.  Petitioner also wrote a check to himself in the amount             


          5 Although the account number that appears on the checks contained in       
          Exh. 508-SN is different than the stipulated account number for the Diesel  
          Power Bank of America account, the parties have stipulated that the checks  
          contained in that exhibit were written on the same account.  Therefore, we  
          assume that the difference in account numbers is of no significance and that
          there was only one Diesel Power Bank of America account.                    




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