Albert J. and Helen R. Desantis - Page 21

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          Meeks did not examine the endorsements written on the back of the           
          checks.                                                                     
               Petitioner failed to attach a schedule to his 1982 or 1983             
          return indicating how he determined gross receipts from his                 
          financial consulting activity.  Petitioner attached a schedule to           
          his 1984 return which itemized the income he received from                  
          financial consulting for that year.  The attached schedule does             
          not reflect that petitioner received $180,000 from Park Place.              
          Rather, the schedule reflects that petitioner received $30,525              
          from Park Place and $180,000 in "other consulting fees", without            
          indicating what "other consulting fees" represents.                         
               After the completion of a project known as Bethel Colony I,            
          petitioner signed all contracts on behalf of the partnerships and           
          negotiated with subcontractors, while Newtowne did most of the              
          estimating and bidding for the projects.  Petitioner required               
          that Newtowne use Reno Morine, a cement contractor, and Nicholas            
          Savko & Sons (Savko) for excavation and site preparation                    
          services.  Petitioner threatened the employees of Newtowne so               
          that they would comply with his demands.  For example, at one of            
          petitioner's meetings with the employees of Newtowne, petitioner            
          posted the following message:                                               
             Your business is at stake.  Your homes are at stake. Your                
             reputation is at stake.  Your livelihood is at stake.  I                 
             want performance not damn excuses or I will go elsewhere,                
             and if you don't like it, you are welcome to go elsewhere.               






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