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owned cars, art, etc with great value in that boom time
economy.
Dr. Bennett still owns a lot of stuff (real estate,
cars, an antique business, etc etc.)
I'm sure that Dr. Bennett plans to repay the loan as
soon as the economy allows him to convert his assets
without losing his shirt. He says he will repay the
loan, and I believe him.
10. Moreover, it is my understanding that the Saudis
are not pressing this matter, and have corroborated all
details of Dr. Bennett's story. Is this correct? If
so what is the problem?
Best Regards,
Charles Tilton.
Petitioner told Mr. Tilton to retype the letter on Mr.
Tilton's letterhead, sign it, and send it to Michael J. Asselin.
Mr. Asselin was petitioner's representative and held a valid Form
2848 (Power of Attorney and Declaration of Representative). Mr.
Tilton refused to carry out these instructions. On February 17,
1993, Mr. Tilton wrote to Mr. Asselin concerning his recollection
of petitioner's explanation of the automobile sales in 1988. In
his letter, Mr. Tilton stated:
At the beginning of 1989 I stopped at Terrys[sic]
office to pick up his 1988 tax information. He told me
that his wife Linda had been paid off and the divorce
was final. He told me he had sold an auto collection
belonging to a friend of his and this person was
letting him borrow the money to pay off Linda and some
other bills. I asked him if he had received a
commission on the sale and was any part of the payment
to Linda for alimony. He said there was no commission
or alimony paid.
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